Featured Articles...

December 13, 2013

Lanco in talks with CESC to sell Budhil Hydro Power asset...

 

Lanco in talks with CESC to sell Budhil Hydro Power asset...

Lanco Infratech is in talks with Kolkata-based CESC to sell the Budhil Hydro Power Project, sources with direct knowledge said. Deal talks are hovering around Rs 750 cr for the 70 MW hyro power project in Himachal Pradesh, negotiations are still on, sources said.

Macquarie is the advisor to Lanco for sale of Budhil Hydro Project. Lanco needs to sell assets and infuse cash into the company to fulfill the terms of CDR (Corporate Debt Restructuring), a source said. A consortium of lenders has given a nod to a Rs 7,700 cr CDR package.

Lanco said, "the information is not true and we do not wish to comment on media speculation." Sanjiv Goenka of CESC was unavailable for comments on the development.

Source

3 comments:

  1. sir
    if u interested to sell this project plz contact me. we have buyer who is interested to buy it. i m working on comission base our charges is 2%.

    regard
    rakesh kumar
    9625719564

    ReplyDelete
  2. sir
    if u interested to sell this project plz contact me. we have buyer who is interested to buy it. i m working on comission base our charges is 2%.

    regard
    rakesh kumar
    9625719564

    ReplyDelete
  3. srilanka hydro
    0046725481654

    ReplyDelete