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A Ray of Hope for Lanco Infratech

News

In a respite for cashstrapped Lanco Infratech, three groups of lenders approved cost overruns of almost 30 per cent for four power projects, enabling work on them to resume after more than two years. Separately, the infrastructure company secured fuel supplies for power plants that will augment its generation capacity. 

Source:- ET

SNP Insight

This move will help Lanco to increase it's power generation capacity and will boost it's EPC revenue, which might help it to attain a financial stability in the near future.

Source:- SNP Infra Research