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Lanco plans to invest AUD 1 billion in Australia's Griffin Coal

06 May 2013 Evaluate

Lanco Infratech  (LITL), the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure is planning to increase the annual production capacity of Australia-based Griffin Coal to 16 million tonnes by investing around 1 billion Australian dollars (AUD). Further the company is also planning to export fuel from Griffin to East Asian countries such as Vietnam and Malaysia. Griffin Coal, which was acquired by the company for about AUD 730 million in March 2011, presently has a production capacity of 4 million tonnes per annum.

Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure. It is one of the largest private sector IPPs in India having an operating capacity of 4740 MW with another 4636 MW is under various stages of execution. This includes projects based on Coal, Gas, Hydro, Solar and Wind.   

Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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