After selling its 1,200 MW thermal power plant in Udupi to Adani Power recently for Rs 6,000 crore, Lanco Infratech now plans to sell another 3,000 MW capacity for Rs 20,000 crore, wiping out its operational power portfolio. The Hyderabad-based company, which has 16 operating firms in power, coal mining and road construction, had debts of Rs 34,297 crore in March 2014.
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