What went wrong with Lanco Infratech?
“It is informed that an NPA account Lanco Infratech Limited with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI today as per regulatory requirement,” the lender said . The bank also stated that it had fully provided for Lanco Infratech.
Why is LANCO called LANCO?
LANCO stands for Lancaster & Company. The band’s name is derived from the surname of its lead singer, who also writes or cowrites all their songs.
What are the assets of the Lanco?
The Natural Resources business of the Lanco currently consists of the following assets: 1. Griffin Coal Mine The Griffin Coal Mine is located in Collie, Western Australia and is the largest individual supplier of coal to Western Australia’s industrial coal market. Established in 1927, it is also Western Australia’s oldest coal company.
What is the meaning of company or Lanco policy?
“Companyor Lanco”shall mean Lanco Infratech Limited. “Dividend”shall mean Dividend as defined under Companies Act, 2013. “Policyor this Policy”shall mean the Dividend Distribution Policy as may be amended from time to time. 4.0 POLICY
What are the parent companies of Lanco Group Limited?
Parent Company 1 Lanco Group Limited (LGL) (till 13.03.2017) Associate Companies 1 Bay of Bengal Gateway Terminal Private Limited (BBGTPL) 2 DDE Renewable Energy Private Limited (DREPL) 3 Electromech Maritech Private Limited (EMPL) 4 Finehope Allied Engg.
Where can I find the dividend distribution policy of lancogroup?
DIVIDEND DISTRIBUTION POLICY The Dividend Distribution Policy adopted by the Board as per Regulation 43A of the SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015 is enclosed as Annexure-2and the same is placed on the website of the Company at www.lancogroup. com. COMPANY’S POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION