Lanco Infratech
Lanco Infratech News
BSE to suspend trading in Lanco Infratech from 14 September following commencement of liquidation proceedings
The Reserve Bank had in June 2017 directed IDBI Bank, lead lender of Lanco Infratech, to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC).
NCLT orders liquidation of Lanco Infratech as creditors reject Thriveni Earthmovers' revised resolution plan
The Reserve Bank had last June directed IDBI Bank, lead lender of Lanco Infratech, to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code
Finance Ministry expect banks to recover over Rs 1 lakh cr after resolution of 12 NPAS
Finance Ministry expects banks to write back more than Rs 1 lakh crore after resolution of all 12 NPAs referred to insolvency proceedings by the RBI
Lanco Infratech liquidation: IRP seeks NCLT's direction; 270-day insolvency resolution deadline ends today
Lanco, among 12 firms identified by the RBI with high debt for proceedings under IBC, owes over Rs 44,000 crore to the IDBI Bank-led lenders consortium
Plans to revive ABG Shipyard, Alok Industries and Lanco could fail; lenders might liquidate firms
Plans to revive ABG Shipyard, Alok Industries and Lanco could fail, despite that fact that Alok received a bid from Reliance Industries (RIL).
New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report
"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said
Insolvency ordinance: Essar Steel, Bhushan Steel, Lanco Infra say not 'wilful defaulters'
The ordinance that comes as a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the IBC
Provisioning for 12 NPAs: SBI's Arundhati Bhattacharya rules out huge dent on bottom lines
These 12 large accounts had become NPAs by end-March 2016 and Crisil estimates show the banks had already provisioned 40 percent for these NPAs worth Rs 2 trillion or about Rs 80,000 crore.
Sensex rises; banks up as RBI cracks down on large loan defaulters
The Nifty PSU Bank Index gained as much as 0.79 percent, with top lenders State Bank of India up as much as 0.7 percent and Canara Bank Ltd rising as much as 1.8 percent.
NPA crackdown: Read here for financial details of these 12 big loan defaulters likely to go for bankruptcy
Monnet Ispat had a debt of over Rs 10,000 crore while its net worth turned negative to Rs 1,602 crore in FY17
Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to Reuters
The RBI has yet to officially name any of the 12 companies, which account for about 2 trillion rupees ($31 billion) of India's non-performing loans, or roughly 25 percent of all the country's bad loans.
Bank loan stress: 50 corporate loan accounts under close govt watch, says report
The bank loans under scanner include those that have become NPAs and also those restructured as of December 2016
With Rs 40,000 cr debt, how will Adani Power really fund its Lanco deal?
While Adani will take over the plant's Rs 4,000 crore worth of debt, Lanco will receive Rs 2,000 crore in cash, which it plans to use for lowering its debt.
First RPower, now Adani: Has deal-making appetite returned for India's power sector?
Renewed optimism under Prime Minister Narendra Modi is now taking shape on the deal street too as two bumper-to bumper acquisitions have taken place in the power sector in less than three weeks
Power games: Adani to buy Lanco's Udupi power plant for Rs 6,000 crore
Adani Power would acquire Lanco Infratech's 1,200 MW imported coal-fired Udupi thermal power plant in Karnataka
Power firms' losses may mean no electricity for days
India's power distribution companies are facing a tough time, thanks to rising debts, fuel supply shortages, corruption, red tape and high tariffs which were kept artificially low by populist politics all these years.
Lanco Infra up 10% as subsidary settles litigation with Perdaman
Griffin Coal, a subsidiary of Lanco Infratech Ltd in Australia, today said the protracted litigation for a claim of AUD 3.5 billion initiated by Perdaman Chemicals against it has been settled.
Lanco Infratech falls 6% after Q1 loss of Rs 441 crore
Shares in Lanco Infratech fall as much as 6.2 percent after the infrastructure developer reports swinging to a consolidated net loss of Rs 441 crore in the April-June quarter from a year earlier.
How Enterprises Can Attract New Talent
Ajay Dhir, Group CIO, Lanco Infratech, elaborates on the importance of building a good professional life, with substantial business and people development skills, to attract new talent.
IT Is All About People, Processes And Technology
Ajay Dhir, Group CIO, Lanco Infratech talks about his new role and responsibilities at Lanco Infratech, challenges and the roadmap ahead.