Pelwatte Sugar Industries PLC

Pelwatte Sugar Industries PLC is a Sri lankan sugar manufacturing company, which is listed on the . The main sugar factory of the group is located in Buttala in the Moneragala District, Uva Province, about 225 kilometres (140 mi) from Colombo to the east of the country. Pelwatte Sugar was incorporated on 19 February 1981 as Pelwatte Sugar Company Ltd. It became a Public Limited Liability company on 10 December 1982. In 1990, the holding company changed its name to Pelwatte Sugar Industries Ltd. It was first quoted on the in 1984.

In 1978 a World Bank funded study was undertaken to identify areas in Sri Lanka that are suitable for sugar cane cultivation to reduce the country's dependency of imported sugar. Based on the findings Booker Tate PLC of United Kingdom (formerly known as Booker Agriculture International Ltd) carried out a feasibility study into the introduction of cane cultivation under rain fed conditions and the establishment of a sugar factory at Pelwatte in the Moneragala District, of the Uva Province in Sri Lanka. In 1981 Pelwatte Sugar Company Ltd was incorporated as a state owned company and functioned under the management of Booker Tate PLC.

In 1997 the company established a subsidiary, Pelwatte Sugar Distilleries (Pvt) Ltd, which began operations in September, processing ethanol and bio-compost from molasses a by-products of the company's sugar manufacturing process.

In 2002 the Government of Sri Lanka sold its stake in the company on the . A Sri Lankan company, Master Divers (Private) Limited, purchased 53.5% of the Company for Rs. 300 million.

In 2006 the company launched a new subsidiary, Pelwatte Dairy Industries (Pvt) Limited, investing Rs. 1.8 billion on a dairy processing plant and animal feed production factory in the Monaragala District.