Lanco Infratech Ltd today said the reforms brought about by the National Highway Authority of India will present the next major opportunity for infrastructure companies.
While NHAI has till date awarded 18,000 km of roads for private sector, 12,500 km was in the last three years. The recent reforms of NHAI will help step up contract awards. The private sector will have access to development of about 35,000 km more.
The company management in its annual report for 2011-12 said opportunities are abound in the infrastructure segment both as a developer and an EPC player. However, it cautioned about the tough economic environment companies are faced with.
Lanco has integrated its existing EPC thermal, hydel and construction into a single business.
This places the company in a league where the entire EPC business in power sector is covered apart from other elements of infrastructure.
The company now has about 4,000 MW of power plants capacity under operation, 6,048 MW under construction and another 7,133 MW under various stages of development.
Lanco Infratech has informed that Udupi Power Corporation Ltd, a company subsidiary, has declared the commercial operation of its 600 MW unit II located at Udupi in Karnataka. The 1,200-MW thermal power project is based on imported coal.
It has informed that the principal buyers of power Karnataka Government have established 400 KV transmission line to evacuate power from the project.
The Karnataka Government had dedicated the transmission line to the nation on September 12.
With these developments, both the units of the project are in operation.
Lanco was unable to generate power from the second unit due to lack of evacuation line even though the project was completed earlier.