Google Website Translator Gadget

Monday, February 20, 2012

Lanco Infratech to invest INR 22000 crore on three thermal projects

Monday, 20 Feb 2012

Lanco Infratech plans to install nearly 4,000 MW additional thermal power generation capacity, entailing investments of about INR 22,000 crore by March 2015.

The diversified group currently has an installed power generation capacity of 4,400 MW.

Mr K Rajagopal CEO (thermal) Lanco Infratech told PTI that "We are planning to have additional thermal power capacity of about 4,000 MW by March 2015. The total investment would be around INR 22,000 crore.”

The company is developing three projects, each have a capacity of 1,320 MW.

According to Mr Rajagopal, these plants along with some hydro projects would take the company's total power generation capacity to more than 9,000 MW.

The thermal initiatives under development are unit III and IV Amarkantak in Chattisgarh, Vidarbha in Maharashtra and Babandh in Orissa.

State run Coal India's recent decision to ink fuel supply pacts for power projects would benefit Lanco's three projects under development. Meanwhile, Lanco is planning to raise up to USD 750 million in the next six months for its power business.

Lanco, which has presence in various sectors, including EPC, power and and infrastructure, saw its consolidated net profit slide 63% to INR 60.92 crore in the three months ended December 2011.

(Sourced from PTI)

No comments: