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Lanco Infratech (LITL), the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure has achieved a major breakthrough in long term sale of 300 MW power from its Unit 1 of Lanco Amarkantak Thermal Power Station. Madhya Pradesh Electricity Regulatory Commission (MPERC), December 01, 2012, has approved the procurement process and price for long term power procurement by Madhya Pradesh from Power Trading Corporation (PTC) to be sourced from Lanco Amarkantak thermal power station.
Lanco is operating the 2 x 300 MW Lanco Amarkantak power plant near Pathadi village in Korba district in Chhattisgarh. This is Lanco Group's first domestic coal based plant, using coal from nearby mines of South Eastern Coalfields (SECL). Power supply to Madhya Pradesh from the plant could not commence due to certain disputes in the Power Purchase Agreement (PPA) signed in 2005. The longstanding imbroglio has been recently resolved with MP Power Management Company (MPPMC) (representing the State Discoms), PTC and Lanco coming together to reach a settlement.
A Settlement Agreement was concluded on October 16, 2012 among the MP Power Management Company, PTC and Lanco which marked an end to the litigations at various forums and paved the way for commencement of supply of 300 MW from Lanco Amarkantak Unit 1 to distribution companies (discoms) of MP through PTC/MPPMC on long-term basis as per CERC regulations with fuel as pass through. In a related development, on November 30, 2012, the Government of Madhya Pradesh also withdrew the debarment imposed by them previously, thus enabling Lanco Group companies to participate in all government projects in the State with immediate effect.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3402.85 |
| Rail Vikas Nigam | 351.55 |
| KEC International | 696.75 |
| Kalpataru Projects | 1055.00 |
| NCC | 266.95 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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