The group is bogged down by `37,526 crore of debt, but can asset sales, a possible sector revival help it recover?
In the foyer of Lanco Infratech Ltd’s opulent Gurgaon office, there is a sculpture of a tiger wrapped in a bedroll after a hunt, wounded, or more likely dead. That sums up the state of the conglomerate which burst on to the Indian corporate landscape in the 1990s by rapidly expanding across businesses such as engineering, procurement and construction (EPC), power, solar energy, coal mining and infrastructure, but is now bogged down by the ₹ 37,526 crore debt on its balance sheet as of 31 March 2015.
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