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Lanco News

10 Sep 2016

Lanco Infratech's net loss widens to Rs 449 crore in Apri-Jun quarter

Lanco Infratech's (LITL) consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016.

21 Mar 2016

Govt to revive of 9 gas-based power plants, to generate 7 billion units

The government has announced the revival of nine stranded gas-based power plants with a total installed capacity of 5,942 MW, which successfully bid electricity at Rs.4.7 per unit for six months beginning April.

20 Mar 2016

Dabhol, GMR, GVK, Lanco secure gas under PSDF scheme

Dabhol, GMR, GVK, Lanco and Gama are among those who have secured around 8 mmscmd of imported gas for running their stranded power projects, which will aid generation of 6.79 billion units electricity

10 Aug 2015

Lanco in talks with investors to infuse equity in Teesta plant

Lanco Infratech on Monday said it has started discussions with strategic investors to infuse equity in Teesta hydro power project for its speedy completion.

12 May 2015

NTPC, Lanco quote winning Rs 1.42/unit bid in subsidy auction

NTPC and Lanco were among the three companies which quoted the lowest bid of Rs 1.42 per unit for availing of subsidy on imported gas to run 14 stranded power projects across the country, in the first ever auction that saw fierce bidding.

21 Apr 2015

Adani Power completes acquisition of Lanco Infra's Udupi plant

Adani Power Ltd (APL) has said that it has completed the acquisition of Lanco Infratech's Udupi Power plant for Rs 6,300 crore, one of the largest takeovers in the country's thermal power space.

09 Sep 2014

Lenders look to expedite assets sale of debt-hit Lanco group

The diversified group has an aggregate outstanding debt of about Rs 49,000 crore from around 47 lenders, according to sources. The company has an order book of Rs 21,000 crore.

26 Jun 2014

NTPC, Lanco power plants facing coal supply problem: Goyal

The development comes at a time when State-owned Coal India and NTPC are at loggerheads over quality of coal being supplied to the plants of the power producer.

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