Key Developments: Lanco Infratech Ltd (LAIN.NS)

LAIN.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Lanco Infratech Ltd completes udupi power plant sale to Adani Power
Monday, 20 Apr 2015 08:35am EDT 

Lanco Infratech Ltd:Announced that it has successfully completed the sell-off of its Udupi power plant to Adani Power Limited.The transaction was announced in August 2014, as part of Lanco’s debt restructuring strategy.  Full Article

Lanco Infratech Ltd clarify s plan of selling Aussie Coal, Indian Road Assets
Monday, 13 Oct 2014 01:23am EDT 

Lanco Infratech Ltd:Clarify that as per earlier intimations and as part of medium and long term strategies, discussions are in progress with some strategic / financial investors for stake sale in Road Projects and Griffin Coal Mine.Says the said discussions are in preliminary stage and nothing definitive action is in process.  Full Article

Lanco Infratech Ltd plans $825 mln asset sale - Reuters
Monday, 8 Sep 2014 11:15pm EDT 

Lanco Infratech Ltd:Plans to sell power projects to raise 50 billion indian rupees ($825 million) and pay down its debts - Reuters.Says it will sell 3,000 megawatts of generating capacity assets.  Full Article

Lanco Infratech Ltd sold Udupi Power plant to Adani power Ltd
Wednesday, 13 Aug 2014 10:40am EDT 

Lanco Infratech Ltd:Says it has sold its Udupi Power plant to Adani power Ltd.Says deal is valued at more than Rs 6000 crore (60 bln Indian Rupee).Says transaction will support company in reducing its debt and will enable Lanco to receive about Rs 2000 crore (20 bln Indian Rupee) as cash and additionally, Adani power will take UDupi Power's long-time debt of about Rs 4000 crore (40 bln Indian Rupee).  Full Article

JSW Energy Ltd close to buying Lanco Infratech Ltd’s Udupi plant-Business Standard
Thursday, 24 Jul 2014 10:59am EDT 

Lanco Infratech Ltd:JSW Energy Ltd is close to acquiring Lanco Infratech Ltd’s 1,200 Mw Udupi power plant in a deal worth nearly 60.00 bln Indian Rupees-Business Standard.  Full Article

Lanco Infratech Ltd's subsidiary signs an agreement to divest stake in Lanco Budhil Hydro Power project; to sell two small hydro power plants
Monday, 3 Feb 2014 01:59am EST 

Lanco Infratech Ltd:Says a subsidiary Lanco Hydro Power Ltd (LHPL) signs an agreement with Tejassarnika Hydro Energies Private Ltd, a subsidiary of Greenko Energies Ltd to divest 100 pct stake in 70 MW Lanco Budhil Hydro Power Project.LHPL has also entered into an MOU to sell two small hydro power plants of 5MW each located in the Kangra district of Himachal Pradesh, to Greenko Energies Ltd.  Full Article

Gujarat Industries Power Co Ltd Announces Cancellation Of Letters of Intent Issued To M/s. Lanco Infratech Ltd. For Implementation Of 2 x 300 MW Lignite based Expansion Power Project
Friday, 18 Oct 2013 01:24am EDT 

Gujarat Industries Power Co Ltd announced that with reference to earlier communication dated June 03, 2013, Gujarat Industries Power Company Ltd now announced that due to the inability on the part of M/s. Lanco Infratech Ltd (M/s. LITL) to furnish the required 10% Contract Performance Bank Guarantee as per the stipulated time period and thus committing breach and violation of the EPC Tender Conditions, the Company (GIPCL) has cancelled the Letters of Intent (LOIs) for EPC Contracts dated June 01, 2013 issued to M/s. LITL in respect of implementation of 2 x 300 MW Lignite based Expansion Power Project.  Full Article

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