Lanco Infratech’s Udupi power project sale hits with regulatory hurdle

Lanco Infratech’s Udupi power project sale has hit with regulatory hurdle and the company is waiting tariff order for the state. The tariff clarity will help to decide the right price for Udupi power plant in Karnataka.

As of now no formal bids have been placed, but JSW energy may show some interest post clarity on tariff order as Karnataka is important market for the company.

Earlier in December 2012, Lanco Infratech begun talks with JSW Energy and Adani Power to sell its Udupi power plant in Karnataka as banks pile pressure on debt-laden power companies to sell assets and improve cash flow.