Lanco

GUVNL had terminated the agreement for the solar power plant over the commencement of liquidation proceedings against LANCO Infratech Ltd (owner of the power plant)

The direct clash between the two major industrialist groups is set to happen during an auction on November 25

Company makes a foray into coal-based power generation for the first time

The companies will be carrying out due diligence on the beleaguered Lanco group company that manufactures solar panels and sets up rooftop solar projects

Lanco Anpara Power, with a fully operational 1,200 Mw power project in Uttar Pradesh, had defaulted on repayment to banks ever since it had entered into a PPA litigation with the state power utilities