Lanco Infra lines up 24k-cr capex despite coal issues

Lanco Infratech plans to spend up to Rs 24,000 crore on capital expenditure over the next three years, though the diversified group remains “cautious” amid coal supply issues hurting the power sector. The company, which has a generation capacity of 3,892 MW, aims to add about 5,000 MW in three years, including this fiscal. However, the company is adopting a cautious approach against the backdrop of coal supply shortages, as well as the poor financial health of state electricity boards (SEBs).