Latest News on Lanco Infra
Showing of 0 - 10 from 7 results
Lanco Infra - Total results - 7
Jun 26, 2017
NPA resolution: Banks may have to take 60% haircut on 12 large bad loan accounts, says CrisilThe RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016 (IBC), which provides for these companies to be referred for liquidation.
Jun 20, 2017
Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be bookedBankers met to discuss accounts such as Amtek Auto, Bhushan Steel and Essar Steel, among others
Jun 19, 2017
NPA problem: Bankers meet begins today, to decide on large loan defaultersThe first set of six troubled accounts are Bhushan Steel (Rs 44,478 cr), Essar Steel (Rs 37,284 cr), Bhusan Power and Steel (Rs 37,248 cr), Alok Industries (Rs 22,075 cr), Amtek Auto (Rs 14,074 cr) and Monnet Ispat (Rs 12,115 cr), a banker said.
Nov 25, 2014
Adani strikes again, buys Avantha's Korba plant for Rs 4,200 crThis 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.
Aug 14, 2014
Adani, R-Power deals just the start; NTPC too will join rush to buy assets in power firesaleThe purchase of Lanco's Udipi power plant by Adani and Jaiprakash's hydel assets by Reliance Power will not be the last. NTPC has a war chest of Rs 17,000 crore and ants to buy Rs 25,000 crore of power assets this year
Jul 05, 2013
Why gas price hike is no quick fix for India's power shortagesThe state-owned distributors - known as discoms - will have to stump up funds to buy the more expensive electricity from power stations. But passing on too much of the costs to consumers will be politically unpopular and the discoms may opt instead to simply halt supply.
Aug 27, 2012
Infra stocks plunge, report says cos barred from 2 major port projectsThe union home ministry has barred three of the country's largest infrastructure companies - Adani Port and Special Economic Zone (APSEZ), LancoInfratech and Punj Lloyd - from participating in two major port projects on security grounds.