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Lanco Infratech Ltd

Lanco Infratech Ltd is one of India’s top business conglomerates and among the fastest growing. Lanco Infratech has subsidiaries and divisions across a synergistic span of verticals. These include Construction, Power, EPC, Power Trading, Infrastructure, Property Development, and Renewables. Lanco Infratech’s projects, operational and underway, are spread across India. A member of the UN Global Compact, Lanco Infratech is recognized for its Good Corporate Governance and Corporate Social Responsibility initiatives led by the Lanco Foundation.

A preferred employer, Lanco Infratech builds on a tradition and culture where trust comes first… and the credo is inspiring growth.

Lanco’s journey

Lanco’s journey began in 1986, with the entrepreneurial zeal and vision of L Rajagopal who forayed into civil contracting as his chosen field of competence. In the early 90’s with the economic liberalisation in India, Lanco diversified into – Pig Iron, Cement and Foundry. The emergence of Lanco Ferro set the pace for Brand LANCO, the name itself being the acronym for Lagadapati Amarappa Naidu Company, a tribute to the principles and values embodied by their uncle, the late L Amarappa Naidu. From here on, the success sage of Lanco was well set in motion. What followed was setting up of India’s first Independent Power Plant – the Lanco Kondapalli Power Plant – through competitive bidding.

A few years later, L Madhusudhan Rao, took over the reins of the enterprise and under his dynamic leadership, Lanco evolved into a holistic, diversified enterprise with a fast spreading footprint in its defined competencies. Lanco was subsequently consolidated into a single holding company Lanco Infratech Ltd, restructured into five verticals – Power, Construction, EPC, Infrastructure and Realty.

Lanco’s growth curve in financial terms stands at an impressive market capitalisation of USD 3 billion. A name to reckon with in the power sector. Lanco is fast emerging as one of the leading private sector power developers in India with 2087 MW under operation, 7153 MW under construction and 2559 MW under development.

Lanco considers CSR as an extension of its core competencies which has evolved as a business vertical in its own right. A reflection of this commitment is evident in Lanco Foundation which has formulated coherent and integrated strategies and is actively present in Education, Health, Livelihoods, Community Development, Environment, Relief & Rehabilitation and Sports & Culture.

Today Lanco, in its Silver Jubilee Year with a Pan-India presence and a work force of over 5000 Lanconians, continues on its journey of excellence having defined its purpose in its Mission, Vision and Values.

Power

LANCO has proven expertise in power generation from conventional and non-conventional sources of energy including gas, coal, hydro, Solar and wind. Lanco has operational and under execution projects amounting to over 11,000 MW. Presently, LANCO has 2087 MW operational and 7153 MW under construction 2559 MW.

Construction

Construction Division has an excellent track record in Construction projects. Its project expertise spans:

Power plants based on Gas, Coal, Bio-mass and Hydro.Irrigation and water supply projects, including dams, tunnels, lift irrigation, sewerage schemes and marine works. Civil construction including commercial and residential buildings, mass housing projects and townships, industrial structures, information technology parks, Corporate offices, Hospitals and more. Transportation engineering projects including roads, highways, bridges and flyovers.

EPC Division

The EPC Division at Lanco ensures project delivery cycles, greater capital expenditure control, sourcing the best service and technology providers and most importantly allows its clients to focus on their core business. The core competence of Lanco is its experienced team for managing contracts during all phases of a project, while meeting the highest international standards.

Lanco provides engineering, procurement, construction, project management and commissioning services on a Turnkey basis to the Power Sector leveraging on the experience and expertise of its Group companies, its construction capability and competent manpower.

Lanco has ongoing projects across India and has in place an established network of resources. The completed list of power projects includes Thermal, Hydro and Non conventional Energy.

Infrastructure

LANCO Infratech Ltd has executed many challenging infrastructure projects across India including Highways. Lanco is currently executing the Varanasi Non Metro Airport Project.

Realty

Lanco's property development is all set to change the skyline of major metros with some of the finest mixed property townships and realty projects incorporating state of the art features and amenities.

CSR

Lanco considers CSR as a ‘business vertical’. Lanco Foundation is our CSR arm. Lanco Foundation works through coherent and integrated strategies in seven sectors: Education, Health, Livelihoods, Community Development, Environment, Relief & Rehabilitation and sports & culture. Lanco Foundation takes the lead in ensuring that Lanco’s CSR policy, strategies and goals are internalised across the organisation and is a fundamental element of the way we do things in every area of operations. Lanco Foundation focuses on sustainability and demand driven delivery of developmental resources besides influencing public policy based on its learnings.

Aligned to Millennium Development Goals, Lanco Foundation benchmarks itself and measures Lanco’s CSR performance against the best of international standards. As a member of the UN Global Compact we pursue best practices in relation to human rights, environment, labour and anti-corruption.

IPO

Lanco Infratech Limited became a listed entity in November 2006 following the Initial Public Offering of shares. Presently the market capitalization of the company is around US$ 3 billion. Of the total 240.78 million shares outstanding 67.95% is held by the founder promoters of the company.

Corporate Office: Plot # 397, Udyog Vihar Phase III, Gurgaon 122016 Haryana, India. Tel : + 91-124 - 4741000

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+'''Lanco Infratech Ltd'''
-'''Lanco Infratech Limited''' is a group of [[India]]n companies involved in the construction and power generation segments.
+Lanco Infratech Ltd is one of India’s top business conglomerates and among the fastest growing.  Lanco Infratech has subsidiaries and divisions across a synergistic span of verticals. These include Construction, Power, EPC, Power Trading, Infrastructure, Property Development, and Renewables.  Lanco Infratech’s projects, operational and underway, are spread across India.
-Lanco was founded by the [[Indian National Congress]] politician [[Lagadapati Rajagopal]], who is currently a member of [[15th Lok Sabha]] representing [[Vijayawada (Lok Sabha constituency)|Vijayawada]].
+A member of the UN Global Compact, Lanco Infratech is recognized for its Good Corporate Governance and Corporate Social Responsibility initiatives led by the Lanco Foundation.
-While Rajagopal remains the chairman, his brother [[Lagadapati Madhusudan Rao]] is the executive chairman.  Another brother [[Sridhar Lagadapati]], was involved with the company in the early years, but now heads the related entertainment business, Larsco.
+A preferred employer, Lanco Infratech builds on a tradition and culture where trust comes first… and the credo is '''''inspiring growth'''''.
-Lanco has grown at a tremendous pace since the early 1990s,  after Rajagopal  married the daughter of veteran Congress leader [[Parvathaneni Upendra]], and joined politics himself.  Initial growth was driven by large contracts primarily in construction. Later, other infrastructure areas such as power generation, transportation etc. were also added.
+'''Lanco’s journey'''
-==Contract irregularities==
+Lanco’s journey began in 1986, with the entrepreneurial zeal and vision of L Rajagopal who forayed into civil contracting as his chosen field of competence. In the early 90’s with the economic liberalisation in India, Lanco diversified into – Pig Iron, Cement and Foundry. The emergence of Lanco Ferro set the pace for Brand LANCO, the name itself being the acronym for Lagadapati Amarappa Naidu Company, a tribute to the principles and values embodied by their uncle, the late L Amarappa Naidu. From here on, the success sage of Lanco was well set in motion. What followed was setting up of India’s first Independent Power Plant – the Lanco Kondapalli Power Plant – through competitive bidding.
-Infrastructure contracts are decided by government departments, and there have been frequent allegations of improper advantage given to the company.  In December 2006, the company, togewith Globeleq Singapore, won a contract for the 4,000 MW Sasan ultra mega power project by quoting a record low price of Rs 1.196 per unit beating NTPC (Rs 2.126), L&T (Rs 2.251), [[Jindal Steel]] and Power (Rs 1.799), [[Reliance Energy]] (1.296) and [[Tata Power]] (Rs 1.412)<ref>http://www.business-standard.com/india/news/lanco%60s-sasan-bid-annulled/292205/</ref>.  However, two months later, Lanco (along with Jindal) acquired Globeleq Singapore, and other competing bidders alleged foul play<ref>http://www.livemint.com/2008/04/29011858/Lanco-blames-Globeleq-for-trou.html</ref>.
+A few years later, L Madhusudhan Rao, took over the reins of the enterprise and under his dynamic leadership, Lanco evolved into a holistic, diversified enterprise with a fast spreading footprint in its defined competencies. Lanco was subsequently consolidated into a single holding company Lanco Infratech Ltd, restructured into five verticals – Power, Construction, EPC, Infrastructure and Realty.
-Eventually, Lanco's bid was cancelled and [[Reliance Energy]] went on to win the contract at Rs. 1.19 per unit<ref>http://www.indianexpress.com/news/reliance-outbids-lanco-for-up-power-projects/322702/</ref>.  The consultant for the bid, [[Ernst and Young]], was blamed by the vigilance group of [[Power Finance Corporation]], while Lanco  blamed the Globeleq Generation Ltd of Houston for the situation.
+Lanco’s growth curve in financial terms stands at an impressive market capitalisation of USD 3 billion. A name to reckon with in the power sector.  Lanco is fast emerging as one of the leading private sector power developers in India with 2087 MW under operation, 7153 MW under construction  and 2559 MW under development.
-In 2007, the company won a bid for the 1000MW Anpara-C power plant.  The bid included one plant of 500MW capacity but after winning the contract, Lanco requested that the bid be re-negotiated for 600MW.  At this stage, some of the other firms in the original bid protested<ref>http://www.financialexpress.com/news/reliance-power-cries-foul-over-lanco-anpara-plans/225220/</ref> since the re-negotiation process made the initial bidding meaningless.  However, Lanco managed to retain the Anpara project.  Later, it ran into further controversies when it sought to gain control over additional coal supplies than were specified in the original contract<ref>
-http://www.livemint.com/2007/10/17000537/Lanco-seeks-additional-coal-fo.html</ref>. Meanwhile, it
-had to divest about one-fourth of its ownership in Anpara-C to raise finances<ref>http://www.livemint.com/2007/06/08003301/Lanco-Infratech-may-divest-24.html</ref>.
+Lanco considers CSR as an extension of its core competencies which has evolved as a business vertical in its own right. A reflection of this commitment is evident in Lanco Foundation which has formulated coherent and integrated strategies and is actively present in Education, Health, Livelihoods, Community Development, Environment, Relief & Rehabilitation and Sports & Culture.
-==Hawala scam, 2007==
+Today Lanco, in its Silver Jubilee Year with a Pan-India presence and a work force of over 5000 Lanconians, continues on its journey of excellence having defined its purpose in its Mission, Vision and Values.
-In March 2007, the then Managing Director of
-Lanco Infratech, G Venkatesh Babu, was caught at the Hyderabad Airport with a suitcase containing Rs. 34 [[lakh]]s (about 90,000 USD) in cash.  Babu stated that the money belonged to Lanco.  Although Babu was very close to Madhusudana Rao, the latter denied any Lanco involvement in the cash<ref name=rediff/>, and Babu
-later changed his story, claiming it was his personal money.  The media alleged that such large amounts of cash were being used for payoffs to parties involved in overseeing earlier contracts<ref name=rediff>http://www.rediff.com/money/2007/mar/30lanco.htm</ref>.
-==Insurance Scam, 2007==
-In 2007, it was revealed that the company had also been the beneficiary of a number of multi-crore insurance "re-appraisals".  These Contractor-All-Risk (CAR) policies were required by the contracts, and involved government owned insurance companies.
-: Lanco Infratech would first negotiate the policy with an insurer and pay up the premium. It would get the premium refunded from the contracting principal. Thereafter it would go back to the insurer to renegotiate the premium, saying it had got a lower quote from a competitor company. “The insurer agreed to lower the premium and refunded the balance, which Lanco Infratech would not report to the principal.<ref>http://www.deccanchronicle.com/hyderabad/lanco-infratech-insurance-scam-437</ref>
-Subsequently, [[New India Assurance]] claimed that the policy number 610200/44/08/03/60000027 of Rs. 1.89 crores, submitted to the housing ministry, had not been issued by it, and may have been a forgery<ref>http://www.deccanchronicle.com/hyderabad/lanco-infra-faked-insurance-papers-259</ref>.
+'''Power'''
-After the cases were revealed in the media in August 2009, the chief minister of [[Andhra Pradesh]], [[Y.S. Rajasekhar Reddy]] also of the Congress party, initiated criminal investigation into the matter<ref>http://www.siasat.com/english/news/lanco-insurance-scam-cm-orders-probe</ref>.
+:LANCO has proven expertise in power generation from conventional and non-conventional sources of energy including gas, coal, hydro, Solar and wind. Lanco has operational and under execution projects amounting to over 11,000 MW. Presently, LANCO has 2087 MW operational and 7153 MW under construction 2559 MW.
-==References==
-<references/>
-[[Category:BSE Sensex]]
+'''Construction'''
-[[Category:Power companies of India]]
-[[Category:Companies based in Andhra Pradesh]]
+:Construction Division has an excellent track record in Construction projects. Its project expertise spans:
+Power plants based on Gas, Coal, Bio-mass and Hydro.Irrigation and water supply projects, including dams, tunnels, lift irrigation, sewerage schemes and marine works. Civil construction including commercial and residential buildings, mass housing projects and townships, industrial structures, information technology parks, Corporate offices, Hospitals and more. Transportation engineering projects including roads, highways, bridges and flyovers.
+'''EPC Division'''
+:The EPC Division at Lanco ensures project delivery cycles, greater capital expenditure control, sourcing the best service and technology providers and most importantly allows its clients to focus on their core business. The core competence of Lanco is its experienced team for managing contracts during all phases of a project, while meeting the highest international standards.
+:Lanco provides engineering, procurement, construction, project management and commissioning services on a Turnkey basis to the Power Sector leveraging on the experience and expertise of its Group companies, its construction capability and competent manpower.
+Lanco has ongoing projects across India and has in place an established network of resources. The completed list of power projects includes Thermal, Hydro and Non conventional Energy.
+'''Infrastructure'''
+:LANCO Infratech Ltd has executed many challenging infrastructure projects across India including Highways. Lanco is currently executing the Varanasi Non Metro Airport Project.
+'''Realty'''
+:Lanco's property development is all set to change the skyline of major metros with some of the finest mixed property townships and realty projects incorporating state of the art features and amenities.
+'''CSR'''
+:Lanco considers CSR as a ‘business vertical’. Lanco Foundation is our CSR arm. Lanco Foundation works through coherent and integrated strategies in seven sectors: Education, Health, Livelihoods, Community Development, Environment, Relief & Rehabilitation and sports & culture.  Lanco Foundation takes the lead in ensuring that Lanco’s CSR policy, strategies and goals are internalised across the organisation and is a fundamental element of the way we do things in every area of operations. Lanco Foundation focuses on sustainability and demand driven delivery of developmental resources besides influencing public policy based on its learnings.
+:Aligned to Millennium Development Goals, Lanco Foundation benchmarks itself and measures Lanco’s CSR performance against the best of international standards. As a member of the UN Global Compact we pursue best practices in relation to human rights, environment, labour and anti-corruption.
+'''IPO'''
+:Lanco Infratech Limited became a listed entity in November 2006 following the Initial Public Offering of shares. Presently the market capitalization of the company is around US$ 3 billion. Of the total 240.78 million shares outstanding 67.95% is held by the founder promoters of the company.
+'''Corporate Office:'''
+Plot # 397, Udyog Vihar
+Phase III, Gurgaon 122016
+Haryana, India.
+Tel : + 91-124 - 4741000