Lanco Infratech Seeks To Sell Four Wind, Solar Power Assets

Lanco Infratech Seeks To Sell Four Wind, Solar Power Assets

Lanco Infratech Ltd, which is undergoing insolvency proceedings, is planning to sell 73 megawatt (MW) of four renewables assets and sought bids from interested buyers.

In a newspaper advertisement, Savan Godiawala, interim insolvency professional in charge of the company, said that indicative time for singing confidentiality undertaking is 15 December for potential bidders who are keen to offer bids for either full or part of the assets.

The assets on sale include 35 MW each of solar assets in Rajasthan and Gujarat, and 3 MW of wind assets in Karnataka. These assets are owned directly by Lanco Infratech or indirectly through special purpose vehicle. Read More…

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