Lanco Infratech achieves financial closure of 1,320 MW project

Lanco Infratech said on Thursday that a 1,320-MW power plant developed by a group firm in Orissa, has achieved a financial closure with a debt component of Rs55.44 billion and equity component of Rs13.86 billion.                                           
 

A consortium of 14 banks and other lenders led by ICICI Bank has lent the project, it said in a statement.