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India's Lanco Infra sells power plant to Adani for $327 mln
August 13, 2014 / 2:43 PM / 3 years ago

India's Lanco Infra sells power plant to Adani for $327 mln

MUMBAI, Aug 13 (Reuters) - India’s Lanco Infratech Ltd said it has sold a 1,200 mega watt (MW) power plant in the southern Indian state of Karnataka to Adani Power Ltd for about 20 billion rupees ($327 million)

Adani Power, led by billionaire Gautam Adani, will take on existing debt of about 40 billion rupees as part of the deal, Lanco said in a statement late on Wednesday. (1 US$= 61.2150 Indian rupees) (Reporting by Aman Shah in Mumbai; editing by David Clarke)

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