June 27, 2017 2:28 AM ET

Construction and Engineering

Company Overview of Lanco Group Ltd.

Company Overview

Lanco Group Ltd., through its subsidiary, engages in construction and power generation. The company engages in the construction of power plants based on gas, coal, bio-mass, hydro, and wind energy. The company also undertakes commercial and residential buildings, mass housing projects and townships. The company was formerly known as Lanco Group Services Limited and changed its name to Lanco Group Ltd. in August 2004. Lanco Group Ltd. was founded in 2002 and is based in Hyderabad, India.

141, Lanco House

Avenue 8

Banjara Hills

Hyderabad,  500 034

India

Founded in 2002

Phone:

91 40 2354 0695

Fax:

91 40 2354 0699

Key Executives for Lanco Group Ltd.

Lanco Group Ltd. does not have any Key Executives recorded.

Lanco Group Ltd. Key Developments

Lanco Reportedly Shortlists Four Players For Mega Power Business Stake

The Lanco Group Ltd. has short-listed four players, including The Tata Power Company Limited (BSE:500400), JSW Energy Limited (BSE:533148) and Piramal Enterprises Limited (BSE:500302) among those that are interested in buying its power assets. A meeting of the Joint Lenders Forum is scheduled to meet in the next few days to decision on the sale of the power business of the indebted Lanco Group. Sources have told CNBC-TV18 the company, which has power assets of about 8,000 megawatts, is seeking about INR 45 million while buyers are bidding at about INR 3 million. Lanco and Tata Power are yet to respond to a query seeking comment on the development. JSW Energy denied it is in talks with Lanco.

Lanco Group Reportedly Zeroes Down On Five Bidders For Its Power Business

The lenders to Lanco Group Ltd. are seeking strategic investors for sale of its power business of 8000 megawatt, reports CNBC-TV18’s Ritu Singh, quoting sources. The new investor is expected to bring in INR 700-800 Crore equity into the power business.

Three Entities Eyeing Lanco Power Project

The 500 MW Teesta hydroelectric power project in Sikkim of Lanco Group Ltd. has attracted intrest form three potential buyers. A consortium of lenders hold a majority 51% stake in INR 30 billion project, which has suffered several delays.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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