Projects Monitor
 
Lanco Infratech receives orders worth Rs 5,675 cr
PM NEWS BUREAUThursday, February 04, 2010, 16:43 Hrs  [IST]

Lanco Infratech Ltd, a subsidiary of Lanco Group of Hyderabad, has received orders worth Rs 5,675 crore from Lanco Mahanadi Power Ltd, another group subsidiary, for various works.

The contracts pertain to LMPL's plans to establish a 2x660 mw pulverised coal fired power plant to be located in Maharashtra. The orders are for offshore supplies equivalent to Rs 2,160 crore, civil works of Rs 1,022 crore, onshore supplies of Rs 1,756 crore, services of Rs 284 crore, and non-EPC works of Rs 454 crore.

Lanco Infratech has also signed an MoU with the Uttar Pradesh government for setting up a 2x660 mw coal-fired power plant at Fatehpur.

Lanco Anpara, a group company of Lanco Infratech, has entered into an MoU with the state government to enhance the existing capacity of 1,200 mw to 1,860 mw in two phases.

Speaking on the occasion, J. Suresh Kumar, Chief Financial Officer, Lanco Infratech Ltd, said, "The signing of MoU with the Uttar Pradesh government will enhance our power generation capacity and this will further add to the growth and the bottom line of the company."

The company's portfolio currently includes an operating capacity of 1,044 mw and additional capacities under various stages of implementation and development aggregating more than 10,000 mw, which is planned to be raised to 15,000 mw by 2015. At present, the company's construction and EPC division is executing orders worth more than Rs 14,700 crore.

 
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