Lanco Infratech has reportedly proposed to sell assets worth Rs 7,612 crore. The company is looking to sell 3 power projects for Rs 6,350 crore and road projects for Rs 668 crore. Further, the company will sell 1 solar and 1 real estate project.
Recently, in a major relief to cash-strapped Lanco Infratech, a consortium of lenders, headed by IDBI Bank, approved a corporate debt restructuring (CDR) package for the holding company. The decision to clear the Rs 7,000-crore CDR package and release Rs 3,500 crore towards working capital will enable the company to resume EPC (engineering, procurement and construction) operations, which were hit by a cash crunch.
Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3939.50 |
| Rail Vikas Nigam | 236.45 |
| NCC | 146.90 |
| KEC International | 506.50 |
| Kalpataru Projects | 1292.15 |
| View more.. | |
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