Lanco Infratech is likely to invest Rs 24,000 crore on capital expenditure with Rs 8,000 crore every fiscal till FY14, amid coal scarcity hitting the overall power sector. It plans to add about 5,000 MW generation capacity in three years, including current fiscal.
The entity is adopting a cautious approach against the backdrop of coal supply shortages, as well as the poor financial health of State Electricity Boards (SEBs).
The company has posted a net loss of Rs 259.48 crore for the three months ended September, 2011. It was hit by a notional forex loss of Rs 288 crore, as well as non-cash elimination related to transactions with subsidiaries and associates of about Rs 273 crore.
