Lanco Infratech Pre Closes its Term Loan with Yes Bank

Lanco Infratech Limited pre-closed its outstanding term loan with Yes Bank to the extent of Rs. 205.42 Cr by obtaining lower interest rate term loan from another bank. The Term loan was taken for a couple of Solar Power Projects, which are operating well and the cash flow from the Solar Power projects, are healthy. Other Term loans of Rs. 61.04 Cr from Yes Bank for other Solar Power Projects are continuing.

About Lanco:

As one of India's leading business entities, Lanco Infratech Limited has been driving growth in the domains of Engineering, Procurement and Construction (EPC), Power, Solar, Natural Resources and Infrastructure over the last two-and-a-half decades. Its continuous focus on innovation and expansion together with its commitment to quality and excellence has contributed significantly to the progress that the company has made over a short span of time.