Lanco Infratech (LITL) will be able to generate 2.8 bn units of power during September 2016 to March 2017 from its Kondapalli plant, as it has been allocated 3.11 mn standard cu m a day of gas under reverse e-auction organised by the Power Ministry for stranded gas-based generation capacity.
While issues related to banking and financing, claims and contracts continue to discourage contractors, CW highlights problem areas and offers 16 concrete solutions that will help resolve issues and make the construction sector a success.
Lanco Infratech has plans to raise Rs 20,000 crore by selling power plants with a capacity of 3,000 MW. This move has been carried out just days after selling its electricity generating station in Karnataka for Rs 6,000 crore.
The wait is over and the much coveted CW Most Admired Companies of India results for 2014 are out! Touching 10 years in a row, this marks CONSTRUCTION WORLD´s continued quest for excellence in the construction and engineering space.
Ironies have a way of getting lost in the rodomontade that is economic development rhetoric. On August 9, 2013, 68 years after the world's first atomic bomb was dropped on Nagasaki and paved the way for the Japanese city and nation to rise from the ashes in an exemplary case of reconstruction, the closed-group round table discussion dubbed 'Quick Solutions to Bridge Project.
Lanco Infratech recently announced that its subsidiary Lanco Hills Technology Park, which is a mixed-development project, has signed up with Apollo Health Street, a group company of Sutherland Global Services, for 80,000 sq ft of SEZ space for conducting IT/ ITES operations, which will go live from October 2013 and is expected to increase its operations further.