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. |