The company is currently under the moratorium period of corporate insolvency resolution process under insolvency and bankruptcy code (IBC) 2016, it said.
This week the banking sector focused on the 12 large corporate bad loan accounts identified by RBI to be taken to the National Company Law Tribunal under the Insolvency and Bankruptcy Code.
The company had reported a consolidated net loss of Rs 105.37 crore for the quarter ended March 31, 2016, Lanco Infratech said in a BSE filing.
Steel Authority of India is set to award an arm of ACB India Ltd a 30-year contract to mine, develop and operate its 14 million tonne per year Rowghat iron-ore mine in Chhattisgarh, according to an official familiar with the development.
State-run BHEL and telecom major Idea Cellular will move out of National Stock Exchange's Nifty 50 index from March 31.
Sun Pharma | Tata Motors | GVK Power | Prabhat Dairy | Ujaas Energy | HPCL | Infibeam | MMTC | Prestige Estates | NMDC | Goodricke Group | BEML | Adani Transmission | NALCO | Muthoot Finance | Repco Home Finance | Voltamp and Reliance Infrastructure are stocks, which are in the news today.
Lanco Infratech today reported a consolidated net loss of Rs 813.66 crore in the quarter ended on December 31, 2016, mainly due to decline in income.
ICICI Bank | SBI | Central Bank of India | Bank of Baroda | Siemens | DLF | Quess Corp | UPL | IRB Infrastructure | Axis Bank | IFCI | Lanco Infratech | Jagran Prakashan | Titagarh Wagons | Maithan Alloys | DB Realty | NMDC and Jaiprakash Power are stocks, which are in the news today.
Lanco Infratech today reported a consolidated net loss of Rs 258.31 crore for the quarter ended September 30, 2016.
Besides Essel Infra, investment manager IDFC Alternatives, US-based private equity firm I Squared Capital and Uniquest Infra Ventures Pvt Ltd -- a joint venture of Malaysia‘s UEM Group and IDFC Ltd -- are learnt to have expressed interest in buying Lanco's road assets, a source told Moneycontrol.
RInfra is targeting EPC opportunities worth Rs 2 lakh crore. It is aggressively bidding for over Rs 1 lakh crore of projects in this financial year to increase the EPC order book to over Rs 30,000 crore by FY18.
Hero Motocorp | TVS Motor | Ambuja Cements | Tech Mahindra | Upper Ganges | Indo Amines | Prime Urban Development | Premier Explosives | Shree Pushkar Chemicals | Lanco Infra | Aurobindo Pharma | Adani Power and JSW Energy are stocks, which are in the news today.
Lanco Infratech, the owners of Griffin Coal, has filed a petition against Australian advisory and investment firm Kordamentha in a Western Australian court alleging that latter misled it by withholding two important issues on the mine's capacity resulting in overpayment of USD 500 million (USD 382 million).
Debtï¿½laden Lanco Infratech may spin off its coal power projects into a single holding company and then may sell majority of it to OPG Power Ventures to ease the burden, sources close to the development said today.
IRB Infrastructure | HUL | Satin Creditcare | Indoco Remedies | Indiabulls Real Estate | Maithan Alloys | Piramal Enterprises | Pfizer | Mukta Arts | L&T Finance | Jet Airways | Hinduja Global Solutions | Bank of Maharashtra and Indian Hotels are stocks, which are in the news today.
Shares of Jaiprakash Associates plunged nearly 10 percent intraday Monday as it Q1 net loss widened to Rs 603 crore versus loss of Rs 482.4 crore, in the same quarter last fiscal.
HDIL | Grasim | Adani Enterprises | Balkrishna Industries | Bhushan Steel | Welspun India | Tata Power | Vedanta | Cairn India | Suprajit Engineering | Zuari Agro | Viji Finance | Dilip Buildcon | Caplin Point | Jain Irrigation | Man Industries | Titagarh Wagons | JMT Auto | Zee Media | GSPL and Gujarat Gas are stocks, which are in the news today.
ICICI Bank | Larsen & Toubro | Tata Power | Vedanta | Cairn India | Suprajit Engineering | Aditya Birla Fashion | Zuari Agro | Viji Finance | Dilip Buildcon | Caplin Point | Jain Irrigation | Man Industries | Titagarh Wagons | Jaiprakash Associates | JMT Auto | Zee Media | GSPL and Gujarat Gas are stocks, which will be in the news on Monday.
PTC India is in discussion with Ministry of New and Renewable Energy (MNRE) to get the power market introduced in the renewable sector. The discussions are at an advanced stage. "We believe during this year this market should also begin", Deepak Amitabh, CMD of PTC India said.
The filing was in response to clarification sought by the bourses on a news item which said that OPG power ventures may buy out Lanco's Amarkantak, Vidarbha and Babandha Assets.
ITC | HDFC Bank | Kotak Mahindra Bank | L&T Infotech | Wipro Hindustan Zinc | KPIT Technologies | KEI Industries | Nucleus Software | Bharat Seats | IIFL Holdings | UltraTech Cement | HPCL | Nevyeli Lignite | Ambuja Cements and VRL Logistics are stocks, which are in the news today.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Fortis Healthcare, Crisil, Aurobindo Pharma, Wipro, Manappuram Finance, Anant Raj, Reliance Communications and DLF.
Bharti Airtel | Idea Cellular | Reliance Communications | Wipro | CRISIL | Linde India | Sun Pharma | DLF | Anant Raj | JBM Auto | Exide Industries | HDIL | Igarashi Motors | Cupid | Shree Cement | Glenmark | Alkem Labs and Torrent Pharma are stocks, which are in the news today.
ICICI Bank | Coal India | Tata Power | Quick Heal | IFB Industries | Gujarat NRE Coke | Edelweiss Financial Services | United Spirits | Rico Auto | Shriram EPC | Igarashi Motors and Greaves Cotton are stocks, which are in the news today.
In CNBC-TV18's Closing Bell segment, SP Tulsian of sptulsian.com shares his views on logistics companies like Gati and Snowman and why he is positive on transformer makers as a sector.