Lanco Infratech-Adani complete Udupi power plant deal after resolving issues

MUMBAI: Lanco Infratech has completed the sale of its Udupi power plant to Adani Power after resolving impending issues that had delayed the process after the two companies singed the deal in August 2014, Lanco said in a statement Monday.

The deal pegs the enterprise value of the Udupi Power plant at Rs 6,300 crore, making it the biggest deal in the power sector.

Lanco entered into a deal to sell the Udupi plant as a part of its strategy to raise funds to  ..

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Amit Antil

After doing Power Management (MBA) from National Power Training Institute (NPTI), Amit Antil is now presently working with Today Green Energy Pvt. Ltd. and looking after business development activities for Solar. Earlier he was associated with leading power trading company Global Energy for 3 years. He has a sound knowledge about bidding, power trading, open access, REC trading, Govt. Liaisoning, Contract Negotiation, Power Purchase Agreement.

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