Lanco in talks with four buyers for Udupi project.

Gurgaon-based power, mining and construction company Lanco Infratech Ltd. is in talks with four firms, including Kolkata-based CESC Ltd., for the sale of its 1,200 megawatts (MW) Udupi Power Corp. Ltd. in Karnataka as it attempts to pare its debt burden.

Lanco which is looking at a valuation of around Rs. 3,000 crore for the imported coal-based thermal power project, recently announced the sale of its 70MW Lanco Budhil hydropower project and two smaller plants of 5MW each in Himachal Pradesh to Hyderabad-based clean energy producer Greenko Energies Pvt. Ltd. for around Rs.655 crore.

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