Bangalore, Karnataka, India, Friday, February 15, 2013 -- (Business Wire India)
Lanco Infratech Limited (LITL), the leading integrated infrastructure
conglomerate with global footprints having business verticals viz. EPC, Power,
Solar, Natural Resources and Infrastructure today announced that Lanco Solar
Energy Pvt Ltd, a fully owned subsidiary of Lanco Infratech Limited won
prestigious IESA Technovation Award for Most Innovative Product Award 2012.
The award was presented in the Indian Electronics & Semiconductor Association's
annual event IESA Vision Summit in Bangalore. It was given for an innovative
plug-&-play solar PV product design to cater to off-grid solar solutions in
urban and rural hinterlands. Utmost care was given to ensure that the design
provides for easy assembly at site in remote locations. The modular design is
also fully scalable to cater to a single family rooftop installation to village
mini-grids to large urban residential/ industrial rooftops. Several of these
installations are operational in Grameen Banks, remote village schools, tribal
hostels, rural health centers, and industrial utilities in Uttar Pradesh,
Chhattisgarh, Odisha and other States.
Commenting on the occasion Mr. L Madhusudhan Rao, Executive Chairman, Lanco
Infratech Limited, said, “IESA Technovation Award is recognition of our
innovation and focus on continuous improvement in delivery of renewable
solutions at affordable cost.
Mr. V Saibaba, CEO, Lanco Solar said, “The product developed by us is unique
and our plug-and-play system for off-grid solar power is one among several such
innovative initiatives to take this solution to masses. We appreciate Lanco
Solar team for all their efforts in achieving this award. We thank IESA for this
privilege and honour”.
Lanco Solar is one of the largest solar power players in the country today with
project portfolio of about 400MW, including own projects and third party turnkey
EPC services. It has already commissioned about 95MW solar PV projects while
more than 300 MW is currently under execution.
About Lanco Solar
Lanco Solar is a 100% subsidiary of Lanco Infratech Limited with an aim to
provide sustainable, innovative and cost effective solutions across the entire
Solar Power Value Chain.
The Company is one of the largest solar power players in the country today with
a robust developer and turnkey EPC portfolio of about 400 MW. The company is
active in both utility scale projects as well as roof-top solutions.
With its strong focus on a synergetic strategy, Lanco is also setting up a
fully-integrated manufacturing project for high-purity Polysilicon, silicon
ingots/ wafers and modules in a SEZ facility at Chhattisgarh. The project is the
first of its kind in India with a targeted capacity of 300MWp/year.
Lanco Solar is a “TOP RATED” channel partner, (Rating SP1A), with the
Ministry of New and Renewable Energy (MNRE), Government of India. This places
Lanco Solar as a key partner for the government's ambitious “Jawaharlal Nehru
National Solar Mission”. With an inbuilt capacity to design and execute all
possible kinds of off and on-grid projects with an in-house manufacturing
capability, the group is competitively placed ahead among its fellow players in
the space to provide the quickest, cheapest and reliably best solution to its
About Lanco Infratech
Lanco Infratech Limited is one of India's top business conglomerates and among
the fastest growing. Lanco Infratech has subsidiaries and divisions across a
synergistic span of verticals. These include EPC, Power, Solar, Natural
Resources and Infrastructure. Lanco Infratech's projects, operational and
underway, are spread across India. At present, the power portfolio includes an
operating capacity of 4732 MW and under construction is 4636 MW. The EPC &
Construction division of the company is executing various orders worth more than
Rs 276 billion. The company is developing 163 Kms of National Highways on BOT
basis. A member of UN Global Compact, Lanco Infratech is recognised for its
Corporate Social Responsibility initiatives led by the Lanco Foundation.
To view the photograph, please click on the link given below:
Lanco Solar wins Most Innovative Product Award 2012 from IESA Technovation, Dr.
Gary Patton – VP, Semiconductor Research & Development Center, IBM (Left ) ,
Mr. V. Saibaba, CEO Lanco Solar Energy Pvt Ltd (Right)
Media contact details
Ms. Deepkamal Kaur, AGM-Corporate Communication,
Lanco Solar Energy Private Ltd,
Mr. A Narasimhan, Sr. Vice President – Corporate Affairs,
Lanco Infratech Limited,
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-0- Feb/15/2013 12:30 GMT
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