Lanco earmarks Rs. 30bn for solar power equipment unit

摘要

Lanco Infratech has laid the foundation stone for establishing a solar power equipment manufacturing unit at Rajnandangaon near Raipur in Chhattisgarh. It has earmarked Rs. 30bn (~$660mn) for manufacturing solar power equipment from its facility here, which would be operational in the next three years. The project is being funded at a debt and equity ratio of 75:25, the company has already tied up the debt portion through a consortium of banks led by Axis Bank.