Infrastructure developer Lanco Infratech Ltd plans to tie up Rs250 billion of funding for use in power projects by June 2010, its chief financial officer said on Tuesday.
The company is also going slow on real estate projects, J Suresh Kumar told Reuters on the sidelines of a infrastructure conference.
"Given the current environment it is not worth taking the risk (in real estate sector) and we will look at power and infrastructure sectors. We are not aggressive but we are not moving out of the sector (real estate)," Kumar added.
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