Lanco plant begins power supply to Haryana

Highlights

Infrastructure major Lanco Infratech Limited (LITL) on Monday said it started supplying power to power distribution utilities in Haryana from the second unit of its Lanco Amarkantak Power Limited (LAPL).

Infra major is targeting 8k MW power capacity by FY-18

Hyderabad: Infrastructure major Lanco Infratech Limited (LITL) on Monday said it started supplying power to power distribution utilities in Haryana from the second unit of its Lanco Amarkantak Power Limited (LAPL).

The second unit of LAPL, a step-down subsidiary of Lanco Infratech, has a generating capacity of 300 MW. The coal-based power plant is located in Chhattisgarh.

“With the commencement of power supply to Haryana Discoms at regulated tariff from this pithead plant, the entire 1,800 MW operating coal-based power portfolio of Lanco is now utilised to its full capacity,” a Lanco statement said.

L Madhusudhan Rao, Chairman, Lanco Infratech, maintained that the resumption of power supply to Haryana Discoms was going to be ‘profit assertive’ for the company in the coming quarters as it would double the revenues of Lanco Amarkantak to around Rs 1,200 crore and increase margins by around Rs 200 crore yearly.

With this development, the infrastructure major has moved a step closer to achieving its goal of having 8,000 MW power generating capacity by the financial year 2017-18. Currently, Lanco has 3,460 MW under operation and 4636 MW under construction.

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