Lanco Infratech to install additional thermal power capacity of 4,000 MW

20 Feb 2012

Lanco Infratech is planning to install additional thermal power capacity of about 4,000 MW. In this regard, the company will invest Rs 22,000 crore by March 2015.

At present, the company has an installed power generation capacity of 4,400 MW and it is developing three projects, each having a capacity of 1,320 MW. These plants along with some hydro projects would take the company's total power generation capacity to more than 9,000 MW.

Recently, the company has announced that it is likely to raise up to $750 million in the next six months to part-finance its 4,500 MW ongoing capacity expansions.

Lanco, which has presence in various sectors, including EPC, power and infrastructure, saw its consolidated net profit slide 63% to Rs 60.92 crore in the three months ended December 2011.

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