Maga Engineering turns 30
Maga Engineering unveiled its new logo to mark its 30th anniversary
in the construction industry, in Colombo last week.
“We have come a long way to celebrate 30 years in the business and
are happy to see ourselves as one of the industry leaders. Our position
is further consolidated in the construction industry in terms of
revenue, timely completion and quality of work,” Maga Engineering
Chairman and Managing Director M.G. Kularatne said.
The company has completed over 100 sub-contracts overseas including
bridges, roads and marine work.
"We hope to secure more overseas projects to fuel growth. As the key
focus of Maga Engineering is growth, technology and sustainable
development, we will equally consider local and foreign projects," he
All projects handled by Maga Engineering have been completed ahead of
schedule and it accounts for 30 percent of the work handled by the top
five building contractors in the country. The company has completed 400
local and foreign projects to-date.
“We have work in hand worth Rs 100 billion and with the launch of the
Northern expressway project the total value of work-in-hand will be over
Rs 170 billion. The company is growing steadily and records an
year-on-year growth of 25 percent,” Kularatne said.