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Liquidity, fuel issues will be sorted out, assures Lanco CFO.
Byline: V. Rishi Kumar
Lanco Infratech Ltd has adopted a multi-pronged strategy to address the liquidity crunch faced by the company due to delay in receivables. The company posted a loss of Rs 135.9 crore during the second quarter ended September 30, in spite of its revenues going up by 68 per cent during the quarter to Rs 3184.8 crore against Rs 1896.3 crore.
It logged a forex gain of Rs 212 crore and yet things are not all that well as the company is saddled with a debt of Rs 33,000 crore and has piled up receivables of Rs 3,300 crore from utilities.
The diversified infra company has an order book of Rs 28,500 crore, which includes orders from internal …
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