Lanco Infra's project raises Rs 1,827 cr in debt
Lanco Infratech Ltd has informed the Bombay Stock Exchange (BSE) today that subsidiary Lanco Kondapalli Power Pvt Ltd, which is developing a 732 mega-watt gas-based power project in Andhra Pradesh, has achieved financial closure.
The Project, estimated to cost Rs. 2, 610 crore, would be financed with a debt of Rs 1,827 crore, and equity of Rs. 783 crore.
A consortium of six banks and financial institutions with Axis Bank in the lead are providing the debt required for the project.