News Detail

<p style="text-align:justify"><strong><span style="font-size:14px"><span style="font-family:calibri">News:</span></span></strong></p> <p style="text-align:justify"><span style="font-size:14px"><span style="font-family:calibri">Lanco Infratech announced Monday that it will invest Rs.2,300 crore to build a solar manufacturing facility by January 2017 in Chhattisgarh.<br /> <span style="font-size:10px">Source: Business Standard</span></span></span></p> <p style="text-align:justify"><strong><span style="font-size:14px"><span style="font-family:calibri">SNP Insight:</span></span></strong></p> <p style="text-align:justify"><span style="font-size:14px"><span style="font-family:calibri">Lanco move to build solar pv&nbsp;manufacturing facility in India of around 150 MW of modules rather than solar power plant&nbsp;is a strategic move by the company to grab the equipment sourcing market and opportunity of INR 100 Billion by 2022 However, competing with the chinese/foreign equipment provider and when the bid is falling below INR 5/Unit is seem to quite unviable. It will be interesting to see in near future whether this step would lead the company to prosperity or entangle&nbsp;more already debt trap company.<br /> <span style="font-size:10px">Source: SNP Infra Research</span></span></span></p>