Lanco Infratech’s share price has appreciated almost 60 per cent in the last one month, partly driven by news that the company was planning to rope in private equity funding. The move is critical at this juncture, considering Lanco’s huge debt and absence of sufficient operating cash flows. In fact, one of its power ventures, Udupi Power Corporation, reportedly defaulted on a Rs 90-crore
Karnataka will purchase about 1,000MW of power daily from other states and private producers to meet the growing demand over the next two years, state higher education minister V.S. Acharya said Friday.
Power-starved Karnataka is planning to add 1,600 Mw of generating capacity by the end of the current financial year. The state, which has a generating capacity of around 8,000 Mw from both public
The Udupi Power Corporation Ltd (UPCL), a subsidiary of Lanco Infratech Ltd, an infrastructure developer, may have to wait a few more months to supply power to the state grid from its
The Udupi Power Corporation Ltd (UPCL), a subsidiary of Lanco Infratech Ltd, an infrastructure developer, may have to wait a few more months to supply power to the state grid from its
Udupi Power Corporation Limited (UPCL), a subsidiary of Lanco Infratech Ltd, an infrastructure company, is planning to expand capacity of its thermal power plant by setting up two more units of
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