Lanco Group

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  India Inc Eyes Rs 2 Lakh Crore From Assets To Tide Over Stress: Report

  With bankers forcing companies to sell non-core assets to tide over bad debts, the economic research wing of SBI on Wednesday said it expects asset sales of up to Rs 2 trillion by Indian Industry as part of the clean-up process.

• Lanco in Talks With Investors to Infuse Equity in Teesta Plant

  According to the statement, as part of a process to consolidate its businesses and to reduce debt, Lanco Group has undertaken sale of some of its assets and bringing in strategic investors in others.

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  Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?

  As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.

• Adani Power Completes Acquisition of Lanco Infra's Udupi Plant

  Adani Power Ltd (APL) 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.

• Adani Power Buys Avantha's Plant for Rs 4,200 Crore

  This is the second acquisition by Adani Group since it bought the Rs 1,200 MW coal-fired Udupi plant from the debt-laden Lanco Infra for Rs 6,000 crore in August.

• Lanco Infratech Plans $825 Million Asset Sale

  Lanco will sell 3,000 megawatts of generating capacity assets, V. Sreenivas, chief operating officer at Lanco Group, said in a statement. The company will use the proceeds to reduce its debts of 150 billion rupees, Sreenivas said.

• Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report

  Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.

• Lanco Cuts Down Workforce by 30% Due to Slowdown

  According to the latest annual report of the infra major, the group, which had a workforce of 5,700 by the end of March 2013, cut down its workforce to 4,000 by the end of March this year. By the end of FY12, it had nearly 8,000 employees, the report said.

• Adani Group Plans to Build Rs 12,500-Crore Power Plant in Odisha: Report

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

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  Gautam Adani to Invest $2 Billion in Odisha Power Plant

  A college dropout and self-made entrepreneur, Mr Adani has built a power, mining and ports giant with revenue of nearly $9 billion. Among his latest purchases in an expansion spree was the $327 million acquisition of a power plant from Lanco Infratech earlier this month.

• Production Down 'Slightly' at Lanco India Plant After Pipeline Blast

  Lanco Group, which operates the plant in Andhra Pradesh, is now sourcing gas from an alternate line, the spokesman said.

• What it's taking to get new roads built in India

  K Ramchand, managing director at one of India's biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country's infrastructure sector today: bidding for new projects.

• 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 AUS$1 billion investment in Australia's Griffin Coal

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

• Australian court refuses Perdaman's request to sue ICICI Bank

  The Federal Court of Australia in its ruling has said ICICI Bank, which financed Lanco Group for acquisition of Griffin Coal, cannot be dragged into the legal dispute that Perdaman Chemicals & Fertilisers has with the Indian infrastructure company over coal supply issue.