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Lanco Infratech To Sell Hydropower Business

According to reports, Lanco Infratech is planning to exit its Hydropower generation business to reduce its debt level. The company is in talk with Norway based-SN Power for the divestment.

Lanco is also looking for strategic partner for its hydropower business. The company is looking at raise capital at its build-operate-transfer project level by diluting stake. The raised fund will be utilized for its ongoing projects.

Lanco Infratech is planning to exit its Hydropower generation business to reduce its debt level. The company is in talk with Norway based-SN Power for the divestment.

Lanco is also looking for strategic partner for its hydropower business. The company is looking at raise capital at its build-operate-transfer project level by diluting stake. The raised fund will be utilized for its ongoing projects.

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