The Hindu Business Line : Lanco Infratech plans more infrastructure projects

Hyderabad, Sept. 3 Lanco Infratech Ltd plans to build on its integrated infrastructure company targeting more power projects, roads, ports, airports and special economic zones.

The company management at their annual general meeting on Monday stated that the focus now is on large infrastructure projects. The order book of the company is in excess of Rs 7,500 crore, covering power projects, property development, thus, ensuring significant cash flows and margins.

Integrated biz model

The Chairman of Lanco Infratech, Mr L. Madhusudhan Rao, said the integrated business model which the company has adopted is based on leveraging its experience in construction and EPC while developing various infrastructure projects.

Referring to the projects under execution, Mr Rao said that the company now has aggregate capacity of 3,200 MW under execution, and over 35 million sq. ft of property under development. Most of these projects are likely to become operational in the next five years.

The finances for most projects have been tied up through a combination of funds through internal accruals, share of equity and IPO proceeds.

Mr Rao told shareholders that while the company was confident of achieving the plans under execution. On the ambitious Lanco Hills project coming up near Hyderabad, Mr Rao said that it received phenomenal response which can be gauged from the bookings.

During 2006-2007, the company acquired 74 per cent stake in Nagarjuna power project at Mangalore, won Anpara C project in Uttar Pradesh, but lost the Sasan ultra mega power project bid.

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