Gal Oya Holdings (pvt) Ltd is recently established company which is a joint venture of LOLC and Brown & Company. The company bought into the publicly owned Hingurana Sugar industries which was closed for about a decade and has a production capacity of 2000tons of sugar cane a day. The plant is planning to initiate production in late 2009 which will directly and indirectly benefit more than 4000 families in the region.

The factory has a plantation of 7658 of hectares of which over 5000 hectares were allotted to 4000 farmers to cultivate sugarcane. Gal Oya Holdings (pvt) Ltd will play a proactive role in facilitating the development of the conflict ridden Eastern province and the economic revival of the entire country. 80% of the Sri Lanka’s annual sugar consumption is met by imports and with the plant fully operational in 2009; the estimated quantities of sugar production will have a significant impact on imports. Further the potential for the plant to act as an alternate source of energy will be explored and the company hopes that there will be a 6 MW power plant in operation once the project is completed.