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Lanco Infratech to sell Budhil Hydro Power Project for Rs 750 crore: Report

13 Dec 2013 Evaluate

Lanco Infratech is reportedly in discussion with Kolkata-based CESC to sell the Budhil Hydro Power Project, 70 MW hyro power project in Himachal Pradesh, for around Rs 750 crore. Macquarie is the advisor to Lanco for sale of Budhil Hydro Project.

The proceeds from the transaction will be used to fulfill the terms of Corporate Debt Restructuring (CDR). A consortium of lenders has given a nod to an Rs 7,700 crore CDR package.

Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.

 

Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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