Lanco Infratech Ltd. News and Updates

Keep track of all breaking news on Lanco Infratech Ltd. from all sources in a single place.

09 Feb 2024

Adani Power Clarifies On Lanco Amarkantak Acquisition: Resolution Professional Yet To Respond

NDTV Profit

Media reports said that the Adani Group company emerged as the winning bidder to acquire the debt-ridden Lanco Amarkantak Power for Rs 4,101 crore.

Lanco Infratech Ltd.

13 Dec 2022

Indian state-run power firms close to buying Lanco asset for $365 mn: Report

livemint

Four Indian state-run power companies are close to buying a 1,980 megawatt stranded power plant from collapsed conglomerate Lanco Infratech for 3,020 crore outbidding Adani Group and Reliance Industries, the report said

Lanco Infratech Ltd.

04 Jun 2022

Megha Engg to buy Lanco Anpara stake for Rs 855 crore

Economic Times

Banks led by IDBI Bank will soon sell 71% equity stake of thermal power company Lanco Anpara Power to Hyderabad-based Megha Engineering and Infrastructures for 855 crore, said two people aware of the development. Although Lanco Anpara Power, a special purpose vehicle (SPV) of bankrupt Lanco Infratech, is a performing asset, lenders decided to monetise 71% equity stake that defaulter Lanco Infratech had pledged as security against 12,000-crore loans.

Lanco Infratech Ltd.

17 Jun 2021

Punjab & Sind Bank declares Lanco Infratech as fraud account'

Business Line

Lanco Infratech had outstanding dues of 215 crore

Lanco Infratech Ltd.

16 Jun 2021

Punjab & Sind Bank Declares Lanco Infratech's Rs 215 Crore Bad Loan As Fraud

NDTV Profit

Punjab & Sind Bank declared infrastructure conglomerate Lanco Infratech Limited's NPA account as fraud, with outstanding dues of Rs 215.17 crore.

Lanco Infratech Ltd.

23 Oct 2020

Lanco Infratech and lessons from a failed group resolution of troubled debt

Business Standard

The firm fundamentally has no assets, say experts. Ten of its subsidiaries are under corporate insolvency, most holding either a single or a group of road or power assets

Lanco Infratech Ltd.

20 Oct 2020

NHPC board approves merger of Lanco Teesta VI hydro power project

Business Standard

The project will supply power at a levelised tariff of Rs 4.07 per unit and is likely to be completed in the next four years

Lanco Infratech Ltd.

25 Sep 2020

Two Lanco Infratech subsidiaries set to see resolution under IBC

Business Today

Majority of the claims were submitted by financial creditors having corporate guarantee or charge on shares of special purpose vehicles

Lanco Infratech Ltd.

27 May 2020

Torrent, Lanco among private gencos not paid by Madhya Pradesh Power Co

Business Standard

This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments

Lanco Infratech Ltd.

25 Jan 2020

First-of-its-kind road deal may free $4.5-billion stressed projects

Business Standard

Lanco is in bankruptcy court and unable to service its debt

Is Lanco Infratech Ltd. worth buying?

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