| Contact Details |
| Corporate Office: | Lanco Industries
Plot no. 397
Udyog Vihar Phase-3
Gurgaon, DH, 122016
Phone : +91-124-4741000 / 044
Fax : +91-124-4741066
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| News |
Lanco Kondapalli’s power plant put on sale by lenders
Posted on 23rd June 2018 |
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Lenders led by Axis Bank have put on sale Lanco Kondapalli’s 1476-megawatt (MW) gas power plant in Andhra Pradesh, according to sources. The plant’s debt to lenders stood at Rs 3,503 crore at the end of FY16. Emails sent to spokespersons at Axis Bank and the Lanco Group did not elicit responses till the time of going to press. Read More |
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With Lanco in NCLT, Tamil Nadu scouting for new contractor for Rs 5,421-crore project
Posted on 9th June 2018 |
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The Tamil Nadu government is looking to apppoint a new EPC contractor for its Rs 5,421-crore Ennore Thermal Power Station (ETPS) expansion project that has been stalled mid-way because of the invsolvency case against Lanco Infratech, the original contractor hired for the project. Work on the project has been stopped since August 2017 due to financial problems of the contractor. Read More |
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Lanco Teesta RP invites EoI from bidders
Posted on 19th May 2018 |
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The resolution professional (RP) for Lanco Teesta Hydro Power on Friday invited expressions of interest (EoIs) for the company from interested bidders under the corporate insolvency resolution process (CIRP). In March this year, the Hyderabad bench of the National Company Law Tribunal (NCLT) had admitted a petition filed by ICICI Bank to initiate insolvency proceedings against Lanco Teesta. The tribunal had appointed Huzefa Sitabkhan as the RP. Read More |
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Insolvency deadline ends today: Lanco Infratech likely to face liquidation
Posted on 4th May 2018 |
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Lanco Infratech is likely to face liquidation as a resolution plan by Thriveni Earthmovers was not approved by its committee of creditors (CoC), the company said in a regulatory filing on Thursday. One of the 12 large cases to be sent to the National Company Law Tribunal (NCLT) last year, Lanco’s 270-day insolvency deadline ends on May 4. Lanco Infratech owed banks Rs 43,502 crore at the end of fiscal 2017. Read More |
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Insolvency claims: On debt, Lanco keeps it in the family
Posted on 31st January 2018 |
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Firms linked to Lanco Infratech — some of them subsidiaries — have registered claims of a whopping Rs 7,164.5 crore with the resolution professional (RP) of the company, documents reveal. This claim is bigger than that of all other operational creditors put together. In other words, there is a chance that Lanco will get back — via these enterprises — a chunky amount during the recovery process. Moreover, documents show that an amount of Rs 4,324.65 crore or 60%, of the claims has so far been admitted by the RP. Read More |
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