The Cabinet of Ministers has approved the disposal of scrap metal belonging to the Sri Lanka Transport Board (SLTB), following a competitive tender process.
Approval for the initiative was first granted at the Cabinet meeting held on October 21, 2024. In line with national procurement procedures, nine bids were submitted.
After evaluation, the High‑Level Procurement Committee recommended awarding contracts to the most responsive bidders offering the highest prices.
The proposal, presented by the Minister of Transport, Highways, and Urban Development, was endorsed by the Cabinet, resulting in the following allocations:
| Company | Amount (Rs.) |
| M/s. Udaya Industries | 16,536,695.00 |
| M/s. Ashok Steel Industries (Pvt) Ltd | 89,424,153.88 |
| M/s. Kalana Tech Engineering | 1,691,210.00 |
| M/s. S.R. Steel (Pvt) Ltd | 47,578,448.00 |
| M/s. Ceylon Steel Casting (Pvt) Ltd | 1,225,500.00 |
| M/s. IWW Steel Industries (Pvt) Ltd | 39,434,186.40 |
| Total | 195,890,193.28 |
(Newswire)