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News Brief | November 2014

Lanco to offload Oz coal, local road assets

Lanco Infratech is planning to sell its Australian coal and Indian road assets to pare debt and make equity investments in domestic power projects. The company plans to infuse funds to improve valuations of the coal and road assets before putting them on the block. Lanco will also sell its two operational road projects in Karnataka, where it invested around Rs 600 crore. After selling coal and road assets, Lanco plans to confine itself to power generation and select EPC businesses.
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