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

18 Jun 2013

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.

Related Lanco Infratech Ltd. Links:

Lanco Infratech Share Price

0.42 0.00 (0.00%) Sep 12, 17:59
1 Year Price Chart
Peers
Company Name CMP
Larsen & Toubro 1276.90
NCC 51.90
KEC International 268.90
Rail Vikas Nigam 23.60
Sterling and Wilson 287.45
View more..
Sensex vs Lanco Infratech
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463