Lanka Sugar Company (Pvt) Ltd (LSCPL) is a fully government owned company under the Ministry of Plantation Industries and Export Agriculture. The government took over both Pelwatta and Sevanagala factories through an act under revival of under-performing enterprises or underutilized assets, Act No.43 of 2011” on 11thNovember 2011. This action based on report by a cabinet subcommittee appointed for the purpose of analyzing the then performances and the industrial attributes of the sugar industry towards economic development. Having concluded an in-depth study on economic value and performances of both Sevanagala and Pelwatta sugar factories along with 34 other institutes, the committee recommended to takeover by the government.