Lanco Infratech is setting up a 100 mw solar cell manufacturing plant and plans to lease part of its solar SEZ to foreign and Indian firms which want to participate in IndiaĂ´s renewable energy programme.
Tag: Lanco Infratech
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Hitting the road
Investing in an infrastructure project isnĂ´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 IndiaĂ´s own Silicon Valley, Bengaluru
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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.
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CCI nod to Adani-Lanco power plant deal
The Competition Commission of India (CCI) has cleared Adani PowerĂ´s proposed deal with Lanco Infratech to buy latterĂ´s 1,200-MW imported coal-fired power plant at Udupi in Karnataka for more than Rs 6,000 crore.
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Lanco sells hydro power assets
Lanco Infratech has struck a deal with the UKĂ´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.
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Power firms reduce capital expenditure
The capital expenditure of 25 top listed power companies declined 15 per cent to Rs 112,687 crore in 2012-13. The decline in investment may result in a considerable generation and supply crunch by the end of the current Plan, in 2016-17.
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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.
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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
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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
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NHAI shortlists 10 cos to bid for `5,000 cr projects
The National Highways Authority of India (NHAI) has shortlisted 114 highway construction companies and developers in the annual technical qualification initiated by the body in March this year. Ten of these have qualified to directly put in financial bids
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