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

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.

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

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.

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.

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.

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.

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.

Lanco trims 4,000 employees due to slowdown

The Group has cut down its workforce to 4,000 by the end of March this year and around 400 employees so far in the current fiscal. The Group currently has 4,100 to 4,200 employees, sources said.

Issue notices to coal mines allocatees under CBI scanner: IMG

The inter-ministerial group on coal blocks has recommended issuing show cause notices to allocatee of mines including the one jointly given to ArcelorMittal, Sterlite Energy, Lanco and Reliance Energy, which are named in FIR registered by CBI.

Lanco unit Griffin gets nod for Australian coal facility

Griffin Coal proposes to develop coal storage and loading facilities at the Bunbury Port Inner Harbour. The berth would support the export of coal from Collie Basin, where the mines are located.

Lanco hopes to resolve Griffin issue with Aus tax department

The Australian Taxation Office (ATO) has filed the petition against Griffin Coal in the wake of non-payment of tax arrears of about AUD 13.9 million, according to a document filed in an Australian court.

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.

Lanco plans AUD 1 bn investment in Australia's Griffin Coal

Diversified group Lanco Infratech plans to invest around 1 billion Australian dollars (AUD) to increase the annual production capacity of Australia-based Griffin Coal to 16 million tonne.

Six power plants sitting idle in Andhra Pradesh

As many as six gas-based power plants, including those operated by GMR, Lanco and GVK, with combined capacity of more than 2000 mw in Andhra Pradesh have stopped operations.

No big chance for out-of-court settlement with Perdaman: Lanco

"We don't see a great possibility of an out-of-court settlement with Perdaman Industries," Lanco CEO (Business Development) Nagaprasad Kandimalla said.

Perdaman drags ICICI Bank to Aus court in Lanco issue

Perdaman last year had filed AUD 3.5 billion lawsuit against Lanco in Australia, alleging non-compliance with fuel supply pact by Griffin Coal for its upcoming urea plant in Western Australia.

Looking for suitable investors for road, power projs: Lanco

In a regulatory filing, the diversified group said the process of finding suitable investors for many of its projects has been going for the past 15 months.

Lanco Infratech wins legal battle against Perdaman Chemicals in Australia

Diversified group Lanco Infratech Monday said it has won a ruling from an Australian court that allows its subsidiary Griffin Coal to revise coal supply pact with Bluewaters Power Station.

Lanco Infratech to supply 300 MW of power to MP discoms

"Lanco Infratech would supply 300 MW of power from its Amarkantak Thermal Power Station to the distribution companies in Madhya Pradesh," Lanco said in a statement.

Lanco reports nearly Rs 136 crore quarterly loss

The entity, which has a debt burden of more than Rs 32,700 crore, also said there are "definitely" no corporate debt restructuring plans.