Debt

Debt financing

Lanco Infra lenders value its Anpara power plant at Rs.819-Cr

Economic Times  

Lenders to the defunct infrastructure company Lanco Infratech have set INR 819 crore as enterprise value for the company's 1200 MW thermal power plant in Uttar Pradesh (UP) as they hope to recover at least some dues from the Hyderabad-based group that is under liquidation. A consortium of banks led by IDBI Bank and also including State Bank of India, ICICI Bank, Punjab National Bank and Canara Bank, among others, had sought independent valuations from three different valuers namely advisory firm BDO, RBSA Advisors and Rakesh Narula & Co in earlier this fiscal. The enterprise value has been arrived at by taking an average of the value ascribed by all three valuers.