India Stressed Asset Revival: Lanco Group's Anpara Thermal Power Station

Last Modified: Sun Sep 15 2019 17:57:55 GMT+0530 (India Standard Time)
  • 1,200 MW
    Lanco Group's Anpara Thermal Power Station in Anpara, Uttar Pradesh has an outstanding debt of Rs. 3,071 crore. Both units 600 MW capacity each have been commissioned.
  • ? MW
    PPA that the project has been able to obtain.
  • ? MTPA
    fuel linkage with South Eastern Coal Fields. Water Source: Lower Wardha reservoir
  • Rs 3,071 crore
    total debt payable to a group of lenders led by PNB as of Mar 2017. The other lenders to the company are ?.
  • Rs ? crore
    Debt payable to PNB alone.
  • Sep 2018
    The company was referred to the insolvency court under Section 7 of the Insolvency and Bankruptcy Code (IBC). Attempts to resolve the default under previous schemes such as corporate debt restructuring have failed.
  • 14 Sep 2019
    The Hyderabad bench of the National Company Law Tribunal (NCLT) admits Lanco Amarkantak Power (LAPL) for the process of insolvency resolution over claim of Rs 974 crore made by Axis Bank. The tribunal had ordered liquidation of Lanco group parent, Lanco Infratech, last year after banks failed to agree on a resolution plan for the company during its insolvency proceedings.
  • Rs. 45,000 crore
    Amount owed by the parent company to banks. Other Lanco companies undergoing insolvency include Lanco Kondapalli Power and Lanco Solar.