Lanco Infratech Ltd has announced that it has pre-closed its outstanding term loan with YES Bank to the extent of Rs 205.42 crore by obtaining lower interest rate term loan from another bank.
The term loan was taken for a couple of solar power projects, which are operating well and the cash flow from the projects are healthy. Other term loan of Rs 61.04 crore from YES Bank for other solar power projects is continuing, the company said in a statement.