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Last Updated : Sep 03, 2014 11:33 AM IST | Source: CNBC-TV18

Lanco Infra in talks to sell Rs 3500cr worth Babandh plant

The company is eyeing a valuation of Rs 3500 crore for the power plant that has a total capacity of 1320 MW. The plant that sources its fuel from Mahanadi Coalfields Ltd & Captive Coal Mine at Rampia has all major clearances in place.


Debt-ridden Lanco Infra is in talks to sell its Babandh power plant in Odisha as the company looks to ease its balance sheets, say sources.


The company is eyeing a valuation of Rs 3500 crore for the power plant that has a total capacity of 1320 MW. The plant that sources its fuel from Mahanadi Coalfields Ltd & Captive Coal Mine at Rampia has all major clearances in place.


Sources claim Adani and Jindal Steel and Power Limited ( JSPL) are among the companies eyeing this sale. Adani Group refained from commenting on this development.

Lanco Infra has a debt of Rs 34297 crore and has been trying to offload its assets. Less than a month ago the company sold its 1200 MW Udupi Power plant in Karnataka to Adani Power for over Rs 6,000 crore.

First Published on Sep 2, 2014 01:05 pm
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