Lanco Infratech, infrastructure developer likely to raise up to $750 million in the next six months to part-finance its 4,500 MW ongoing capacity expansions. It plans to raise the funds under the holding company that has got the entire power portfolio of the Group. It has already given the mandate for fund-raising to investment banker Macquaire, which is in touch with strategic investors as well as priavte equity firms.
Currently, it has 4,390 MW of power generation capacity and it is adding capacity to the tune of 4,500 MW, which is under various stages of development. The company generates around 95% of its revenue from EPC and power businesses. It has also interests in solar power, natural resources, infrastructure and development of property among others.
The company has posted a fall of 81.51% in its net profit to Rs 24.70 crore for the quarter ended December 31, 2011 as compared to Rs 133.56 crore for the same quarter in the previous year. However, total income has increased by 26.56% to Rs 2566.15 crore for quarter under review as compared to Rs 2027.64 crore for the quarter ended December 31, 2010.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4013.95 |
| Rail Vikas Nigam | 303.35 |
| NCC | 162.00 |
| KEC International | 575.55 |
| Kalpataru Projects | 1241.35 |
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