Lanco Infratech Ltd (LAIN.NS) Key Developments |
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Lanco Infratech Ltd (LAIN.NS)

LAIN.NS on National Stock Exchange of India

30 Jun 2016
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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