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.
