Lanco Infratech is reportedly planning to sell power plant with capacity of 3,000 MW to raise Rs 20,000 crore. In this regard, the Hyderabad-based company has appointed investment bankers. The selling of electricity assets will help the company to reduce debt which was at around Rs 38,000 crore before it sealed a deal to sell its coal fired 1,200 MW Udupi Power Corporation to the Gujarat Based Adani Power.
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