Lanco Group
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Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report
Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.
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Lanco Infratech Plans $825 Million Asset Sale
Lanco will sell 3,000 megawatts of generating capacity assets, V. Sreenivas, chief operating officer at Lanco Group, said in a statement. The company will use the proceeds to reduce its debts of 150 billion rupees, Sreenivas said.
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Production Down 'Slightly' at Lanco India Plant After Pipeline Blast
Lanco Group, which operates the plant in Andhra Pradesh, is now sourcing gas from an alternate line, the spokesman said.
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India Inc Eyes Rs 2 Lakh Crore From Assets To Tide Over Stress: Report
With bankers forcing companies to sell non-core assets to tide over bad debts, the economic research wing of SBI on Wednesday said it expects asset sales of up to Rs 2 trillion by Indian Industry as part of the clean-up process.
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Lanco in Talks With Investors to Infuse Equity in Teesta Plant
According to the statement, as part of a process to consolidate its businesses and to reduce debt, Lanco Group has undertaken sale of some of its assets and bringing in strategic investors in others.
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Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
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Lanco Infratech Plans $825 Million Asset Sale
Lanco will sell 3,000 megawatts of generating capacity assets, V. Sreenivas, chief operating officer at Lanco Group, said in a statement. The company will use the proceeds to reduce its debts of 150 billion rupees, Sreenivas said.
-
Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report
Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.
-
Production Down 'Slightly' at Lanco India Plant After Pipeline Blast
Lanco Group, which operates the plant in Andhra Pradesh, is now sourcing gas from an alternate line, the spokesman said.
-
Australian court refuses Perdaman's request to sue ICICI Bank
The Federal Court of Australia in its ruling has said ICICI Bank, which financed Lanco Group for acquisition of Griffin Coal, cannot be dragged into the legal dispute that Perdaman Chemicals & Fertilisers has with the Indian infrastructure company over coal supply issue.
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Fuel shortage, interest burden hit infrastructure companies' Q2 profits
Shortage of fuel supply to power plants coupled with high interest burden have impacted the profits of infrastructure companies during the July-September quarter of the current fiscal.
-
Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report
Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.
-
Lanco Infratech Plans $825 Million Asset Sale
Lanco will sell 3,000 megawatts of generating capacity assets, V. Sreenivas, chief operating officer at Lanco Group, said in a statement. The company will use the proceeds to reduce its debts of 150 billion rupees, Sreenivas said.
-
Production Down 'Slightly' at Lanco India Plant After Pipeline Blast
Lanco Group, which operates the plant in Andhra Pradesh, is now sourcing gas from an alternate line, the spokesman said.
-
India Inc Eyes Rs 2 Lakh Crore From Assets To Tide Over Stress: Report
With bankers forcing companies to sell non-core assets to tide over bad debts, the economic research wing of SBI on Wednesday said it expects asset sales of up to Rs 2 trillion by Indian Industry as part of the clean-up process.
-
Lanco in Talks With Investors to Infuse Equity in Teesta Plant
According to the statement, as part of a process to consolidate its businesses and to reduce debt, Lanco Group has undertaken sale of some of its assets and bringing in strategic investors in others.
-
Truth vs Hype: Are Mistakes That Led to India's Corporate Debt Bomb Set to be Repeated?
As the Narendra Modi government attempts to jumpstart the economy, attention is turning to a less discussed aspect of the financial system that is threatening a revival: high amounts of debt.
-
Lanco Infratech Plans $825 Million Asset Sale
Lanco will sell 3,000 megawatts of generating capacity assets, V. Sreenivas, chief operating officer at Lanco Group, said in a statement. The company will use the proceeds to reduce its debts of 150 billion rupees, Sreenivas said.
-
Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report
Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.
-
Production Down 'Slightly' at Lanco India Plant After Pipeline Blast
Lanco Group, which operates the plant in Andhra Pradesh, is now sourcing gas from an alternate line, the spokesman said.
-
Australian court refuses Perdaman's request to sue ICICI Bank
The Federal Court of Australia in its ruling has said ICICI Bank, which financed Lanco Group for acquisition of Griffin Coal, cannot be dragged into the legal dispute that Perdaman Chemicals & Fertilisers has with the Indian infrastructure company over coal supply issue.
-
Fuel shortage, interest burden hit infrastructure companies' Q2 profits
Shortage of fuel supply to power plants coupled with high interest burden have impacted the profits of infrastructure companies during the July-September quarter of the current fiscal.
