Lanco Infratech

India relies on coal to generate about three-quarters of its electricity, and power generated from coal is typically much cheaper than that generated by gas-fired plants

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 firm fundamentally has no assets, say experts. Ten of its subsidiaries are under corporate insolvency, most holding either a single or a group of road or power assets

This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments

The companies are KSB Shanghai Pump Co, TLT-Tourbo (Sichuan) Co and Beijing Power Equipment Group Co

The Reserve Bank had in June 2017 directed IDBI Bank, lead lender of Lanco Infratech

Judge Ratakonda Murali announced that he would exclude certain days from the expired 270-day period in order to grant additional time to the CoC to take a view on the modified resolution plan

Online retail major to compete with German firm Metro AG and Nandan Nilekani-backed Power2SME

Sources say close to 200 people have resigned due to non-payment of wages

Firm received Rs 470 cr from sub-suppliers in respect of various EPC projects

LITL has been delaying its debt repayment since 2012-13

Lanco Infratech was down 10% to Rs 1.70, extending its Monday's 20% decline on BSE.

At NSE, shares of the company tanked 19.14 per cent to end at Rs 1.90

Loss widens on account of declining income

Says impacted by low power demand, slow fund disbursal

The company expects to get as much as Rs 1,600 crore from the sale of this asset at an enterprise value of Rs 5,300 crore

Group looking for additional debt to meet cost overruns

Total income from operations (net) during the quarter increased to Rs 1,940.35 crore, over Rs 1,638.14 crore in the year-ago period

In 2014, the lenders had approved a CDR scheme of about Rs 4,400 cr to help the company reduce its debt

OPG Power Ventures may buy out Lanco's Amarkantak, Vidarbha and Babandha Assets