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Lanco to raise $1 bn via sale of plant, listing power arm

Aiming to pare debt, Lanco Infratech will raise USD 1 billion (about Rs 6,600 crore) through the sale of one of its large power projects and listing of its power business in the next two years.

Lanco Infra shares zoom 20% as co posts Q2 profit

Shares of Lanco Infratech Ltd on Tuesday zoomed almost 20 percent after it posted consolidated net profit of Rs 98.98 crore for the second quarter of the current fiscal after three years.

 

Adani to expand capacity of Udupi power plant by 1600 MW

After acquiring Udupi Power Corporation Ltd from Lanco Infratech in April, Adani Group is now set to expand the plant's capacity by 1600 MW, which is estimated to cost over Rs 9,000 crore.

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.

Lanco Infra Q4 net loss inches up to Rs 586 cr

Lanco Infratech recorded a consolidated net loss of Rs 586.29 crore for the March quarter of 2014-15, slightly higher than Rs 584.29 crore a year ago.

Infra, realty stocks gain ground on land acquisition ordinance

Shares of infrastructure, realty and defence companies gained ground on Tuesday after the government recommended promulgation of an ordinance making significant changes in the Land Acquisition Act.

Lanco to sell 3,000 MW projs, raise Rs 5,000 crore

Lanco Infratech on Tuesday said it plans to raise Rs 5,000 crore by selling power projects having total generation capacity of 3,000 MW, amid lenders looking at ways to improve the group's financial position.

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.

Adani Group plans to build Rs 12,500 cr power plant in Odisha

Adani Group is planning to invest Rs 12,500 crore for setting up a thermal power project in Odisha, days after it announced the Rs 6,000-crore deal to buy Lanco Infratech's plant in Karnataka.

Lanco Infra, Adani Power gain up to 5% on power plant deal

Shares of Lanco Infratech and Adani Power gained as much as 5 percent on Thursday following a mega deal for a power plant between the two companies.

Adani Power to buy Lanco's Udupi plant in Rs 6,000 crore deal

Adani Power will acquire Lanco Infratech's 1,200 MW Udupi thermal plant in a deal worth over Rs 6,000 crore.

Lanco Infratech Q4 loss widens to Rs 584 cr income down 23%

Lanco Infratech said its net loss for the quarter ended March 31 widened to Rs 584.29 crore on account of drop in revenue and mounting losses in EPC and construction business.

Lanco Infratech Dec quarter net loss widens to Rs 530 cr

The company had reported a net loss of Rs 465 crore during the same period a year ago, Lanco Infratech said in a BSE filing.

Infra cos pay over $1 bn in finance, interest costs in H1

India's major 10 infrastructure companies have together paid out more than USD 1 billion towards finance and interest costs during the first half of fiscal, resulting in huge dents in margins in some cases.

Lanco Infratech Sep quarter net loss widens to Rs 581 crore

The company had reported a net loss of Rs 136 crore in the same quarter of last financial year.

Lanco Infratech Q1 net loss widens to Rs 579 crore

Lanco Infratech on Thursday reported a widened net loss at Rs 579 crore for the quarter ended June 2013, mainly on account of forex losses and power business decline.

Lanco Infratech to develop Tasra coal mine for SAIL

"The company received Letter of Acceptance to this effect from SAIL," it added.

Lanco Infratech to restructure Rs 7,500 crore debt burden

Faced with adverse business conditions, Lanco Infratech is restructuring debt worth Rs 7,500 crore, a company official said on Saturday.

Lanco to sell non-core assets worth Rs 1,000 crore this fiscal

The diversified group, which has already started shedding non-core assets, recently mopped up around Rs 42 crore by selling some wind energy assets in Tamil Nadu.

High AUD, low coal price delay Lanco's Griffin Coal stake sale

The sources indicated that though the problem is not specific to the company, these issues may not be encouraging in terms of valuation.