Business - Briefly   

IFC to take stake in Lanco Power

HYDERABAD: International Finance Corporation (IFC) has signed an agreement to subscribe to an equity stake of 5.84 per cent amounting to $8 million in Lanco Amarkantak Power Pvt. Ltd. (LAPPL), a special purpose vehicle (SPV) promoted by the Lanco Group. The company is developing a thermal power station in Chhattisgarh with two coal-fired units of 300 MW each. The total project, estimated to cost around Rs. 2,600 crore, is scheduled for completion in 2008.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Cos. allowed access to cable landing stations
Signet to set up PV plants
ONGC strikes oil, gas
Nepal, India hold meeting on power exchange
Biotech industry revenue touches Rs. 8,300 cr.
GAIL to infuse Rs. 500 cr. in Ratnagiri power project
Rupee continues to slide
Sensex drops further
Exchange rates
Bullion rates
Educomp to acquire Singapore firm
TV18 group floats E18
A. K. Purwar joins Caparo group
SEBI suspends registration of 3 cos.
Record handling by Kolkata Dock System
IBM to modernise CBDT infrastructure
Sify ties up with Australian firm
IFC to take stake in Lanco Power
Sundaram Brake net profit up
VIP Industries pays Rs. 2.50 per share

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu