Mumbai, Nov 17 (UNI) Government of India has decided to make a joint allocation of Rampia and DIP side of Rampia non-coking coal blocks in the State of Orissa in favour of Lanco and five other companies so as to meet their share of coal requirements.
Lanco's share of the coal reserves would enable setting up of a power plant with a generating capacity of 1,000 MW. The Government has requested the allottees to decide on the modalities for the allotment and operation of the mine within a month, the release said.
The allocation of the above block would enhance the capacity addition plans of Lanco. Presently, Lanco is operating 518 MW of power generating capacities and is implementing power projects having cumulative capacities to the extent of around 3,500 MW.
The company has already initiated action to develop another 7,500 MW+ capacities including 1000 MW brown-field expansion at its Amarkantak Power Project and Kondapalli Gas Power Project and 6,500 MW+ Greenfield projects in Orissa, Jharkhand and Madhya Pradesh which are in various stages of development.
Lanco Infratech is one of the fastest growing corporate entities in India. Lanco has more than two decades of experience operating in the core sectors of Power Generation, Power Trading, Realty, Engineering and Construction, Information Technology and Manufacturing.
The Construction and EPC division of the company is executing various orders worth more than Rs 7,600 crore.
Lanco is also developing Lanco Hills, one of the largest integrated township properties in Hyderabad, which will have a developed area of more than 30 million square feet, the release added.