Home » Lanco Infratech

Tag: Lanco Infratech

Post
Hitting the road

Hitting the road

Investing in an infrastructure project isn´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in India´s own Silicon Valley, Bengaluru

Post
Lanco Infratech shelves asset sale

Lanco Infratech shelves asset sale

Debt-ridden infrastructure firm Lanco Infratech has temporarily shelved its asset disposal plans. However, it said it would sell at least 3,000 MW of power assets with an enterprise value of about Rs 25,000 crore in fiscal 2018 and retire around Rs 18,000 crore of debt. At the AGM, Chairman LM Rao said appetite by buyers to absorb large assets is low.

Post
Lanco sells hydro power assets

Lanco sells hydro power assets

Lanco Infratech has struck a deal with the UK´s renewable energy firm Greenko to sell three hydro power assets with a combined capacity of 80 MW. Lanco Hydro Power has agreed to sell off its entire holding in 70 MW Lanco Budhil Hydro Power Project in Himachal Pradesh to Tejassarnika Hydro Energies, a subsidiary and Indian arm of Greenko. Lanco has agreed to divest two small hydro power plants of 5 MW each located in Himachal Pradesh.

Post
Lanco to recast Rs 90 bn debt

Lanco to recast Rs 90 bn debt

In view of the challenging economic condition, Lanco Infratech approached corporate debt restructuring (CDR) cell to recast its Rs 9,000-crore debt. Of the Rs 9,000-crore debt, Rs 4,000 crore is fund-based exposure and Rs 5,000 crore non-fund-based.

Post
Lanco approaches CDR cell to recast Rs 90 bn debt

Lanco approaches CDR cell to recast Rs 90 bn debt

In view of the challenging economic condition, Lanco Infratech approached corporate debt restructuring (CDR) cell to recast its Rs 9,000-crore debt. Of the Rs 9,000-crore debt, Rs 4,000-crore is fund-based exposure and Rs 5,000-crore non-fund-based.
The company is holding discussions with bankers in this rega

Post
Mumbai Port takes steps to offload Lanco equipments

Mumbai Port takes steps to offload Lanco equipments

Reports indicate that Mumbai Port Trust is taking steps to auction boiler, turbine and generator (BTG) imported from China or Singapore by Lanco Infratech for its 1,320 mw Wardha power project in Maharashtra. It may be noted that the company had neither paid custom duty nor port charges towards the imported items for past many months, which had forced the port to take

  • 1
  • 2