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Lanco Infratech

Decrease in employee benefit expense

Decrease in employee benefit expense
Lanco Infratech, which has interests in infrastructure, power and realty segments, retrenched 30 percent of its 5,700 workforce in the last financial year due to slowdown in development of some of its projects amid subdued market conditions. According to the latest annual report of the infra major, the group, which had a workforce of 5,700 [...] Continue Reading »

Lanco infratech to assure getting back what they owed

Lanco infratech to assure getting back what they owed
India’s top lenders, impatient with the delays in cash-strapped Lanco Infratech asset-disposal programme, are planning to take direct charge of the process to ensure they get what was owed to them, while providing fresh loans to get projects that have been stuck for various reasons moving again, according to an internal note. The banks, which [...] Continue Reading »

Shares of Lanco Infratech slumped nearly 10% after disappointing quarterly results

Shares of Lanco Infratech slumped nearly 10% after disappointing quarterly results
On Monday, shares of power firm Lanco Infratech tanked nearly 10 per cent, largely because of the disappointing results posted by the company for the January-March 2104 quarter. For the mentioned quarter, the company reported a widening of its net loss to Rs 584.29 crore. In comparison, in the same quarter last year, the power [...] Continue Reading »

Debt-struck Lanco Infratech strives for an easy loan repayment

Debt-struck Lanco Infratech strives for an easy loan repayment
Lanco Infratech, a realtor limited to power and road projects, with nearly Rs 23,000 crore of long-term debt, is negotiating with some banks for an easier loan repayment schedule. Sources said that the company is negotiating with individual banks for extension of loan tenure and lowering of interest cost as some of its power plants [...] Continue Reading »

Township project in Hyderabad will resume soon

Township project in Hyderabad will resume soon
The Supreme Court has canceled the stay orders on the construction work at the township project in Hyderabad, issued by  Andhra Pradesh High Court  to the infrastructure firm Lanco Infratech. With this decision, the Lanco Hills will now be constructing the township at Manikonda in the Hyderabad outskirts. The dispute was raised by the Wakf Board [...] Continue Reading »



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