1.
It gives me great pleasure to express my gratitude towards all the
individuals who have directly or indirectly helped me in completing this project.
First of all I am extremely grateful to Mr. Anant Bhave, Vice President
(Accounts and Finance Project), Lanco power pvt Ltd, for providing me
integrating project in finance for sixty days. I would like to express my sincere
gratitude to my company guide Mr. Rajiv dave, Associate Vice President
(Accounts and Finance), Lanco power pvt Ltd for his invaluable guidance during
the project period which helped me in completing the project successfully. I also
extent my special thanks to Mr. Anand Shirsat (Asst Personnel Manager), Lanco
power pvt Ltd.
I also extend my thanks to all the staff of Finance department of Lanco
pwer pvt
Ltd. for their support, which helped me a lot in completing the project.
Lastly my ingenious thanks to all my colleagues and friends for their
kind co- operation and help.
Garima sonel
(MBA-III SEM)
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.
The 25-year-old Lanco group is, today, uniquely poised to attain leadership position in its areas
of operation.
Propelling the organization’s dynamic advancement is its strategic plan -- Lanco's Vision 2015
-- that is aimed at building an achievement-oriented and customer-centric organization,
committed to attaining industry leadership, with aggressive growth plans for the business
verticals that it operates in.

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Lanco Infratech Limited became a listed entity in November 2006 following the Initial Public
Offering of shares. Lanco's gross revenue before elimination as on 31 March 2012 was Rs
15,398 Crores (USD 3.07 billion)
Seamless integration of its core business competence and strength, EPC, with other domains
such as infrastructure, construction and power, has borne rich dividends for Lanco. The
organization’s expertise in building large civic and urban infrastructure projects has been
deployed in constructing thermal and hydro power projects across the country. In a bid to find
cost-effective, sustainable and green solutions to the country's energy requirements, Lanco has
made its presence felt in the area of solar power as well. Lanco is fast emerging as one of the
top three private sector power developers in India with 4,732* megawatt (MW) under operation,
4636 MW under construction, and 6,840 MW of projects under development.
In a strategic move that provides increased fuel security for its current power generating assets
and its future power portfolio expansions, Lanco through its Australian subsidiary, Lanco
Resources Australia, has acquired Griffin Coal Mining Company and Carpenter Mine
Management. Griffin Coal owns the largest operational thermal coal mines in Western Australia,
producing around 4 million tonnes per annum (mtpa) of coal which can be ramped up to up to
18 mtpa in the near term, post development of evacuation infrastructure. Lanco also has
strategic global partnerships with leading power companies including Genting, Harbin, GE,
Dongfang, Doosan, etc.
With a team strength of over 6,458 people, Lanco, headquartered in Gurgaon close to New
Delhi, has a pan India presence in strategic locations and an expanding footprint in the
emerging global markets.
Lanco is a privileged member of the World Economic Forum and has been acknowledged as an
elite member of the top 200 "Global Growth Companies".
LANCO's history as an organization is a reflection of the spirit of entrepreneurship, a far-
sighted vision, dynamic leadership, ability to overcome adversity and take calculated
risks, teamwork by committed professionals, and agility to take advantage of emergent
opportunities.
1960-76
The Seeds of Enterprise
In 1960, brothers Amarappa Naidu, Venkata Rama Naidu and Venkata Ratnam Naidu laid the
foundation of LANCO by starting a transport business with one truck (a converted bus) inherited
from their father L.V. Subba Naidu. Amarappa Naidu's business acumen and the brothers'
commitment soon led to orders pouring in from construction companies that needed material to

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be transported to and from construction sites. By 1976, the thriving business boasted of a fleet
of 100 trucks that serviced the construction industry in Andhra Pradesh.
1977-85
Building the Foundation
Having succeeded beyond imagination, the Naidu brothers planned to enter the construction
business themselves. In 1980, Uma Maheshwar Rao and Company was established and soon
made a name for itself in the construction industry by delivering several prestigious turnkey
projects in Andhra Pradesh and Karnataka. By 1980, the company's assets included 150 trucks,
eight excavators, 10 bulldozers and 15 drilling machines. In 1985, L.V. Rama Naidu's son, L.
Rajagopal, a mechanical engineer, was inducted into the company.
1986-90
Overcoming Adversity
In 1986, when the company went through some tough circumstances, L. Rajagopal's resolve to
succeed even got firmer. He acquired a new construction firm, S.V. Contractors, in partnership
with his brother-in-law, G. Bhaskara Rao, also an engineer. The first year of operation saw a
profit of Rs. 1 crore; by 1990 the company's annual turnover was Rs. 25 crore.
1991-94
Seizing Opportunities
Taking advantage of the new opportunities offered by the liberalisation of the Indian economy,
L. Rajagopal diversified from construction business to manufacturing by setting up a pig iron
plant of 90,000 tpa. He took inspiration from his uncle Lagadapati Amarappa Naidu and named
this new business as LANCO Ferro. LANCO is an acronym for Lagadapati Amarappa Naidu and
Company and is tribute to his vision and ideals. In 1991, L. Rajagopal inducted his younger
brother, L. Madhusudhan Rao, to manage the business at LANCO Ferro, which was renamed
as LANCO Industries in 1993. L. Madhusudhan Rao launched several ambitious initiatives and
expanded LANCO Ferro into a fully-integrated plant producing cement, ductile iron pipes and
pig iron.
1995-1999
Diversifying to Grow
Diversification through joint venture partnerships became the key word at LANCO as the
organization embarked on an aggressive growth path. In 1995, the Andhra Pradesh government
opened the power sector to private players. LANCO entered the power sector against a power
purchase agreement with the state government with a 368 MW gas power plant in Kondapalli,
commissioned in 2000. LANCO Kondapalli Power Ltd. (LKPL), a joint venture between LANCO
and the Genting Group of Malaysia marked a major milestone in the organization’s growth as an
independent power producer.
2000-05

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A New Century, a New Vision
In 2002, L. Rajagopal retired from the business to pursue public life, and L. Madhusudhan Rao
took over as the Chairman of the organization. This was a period of change and reorganization,
as LANCO prepared itself to meet the challenges of a new century. LANCO also consolidated
its position in the power sector by commissioning large projects, winning bids for several others,
and winning a range of business and industry awards and prestigious recognition forums.
2005-10
Poised for Industry Leadership
LANCO Infratech Limited, a new holding corporate entity, was created in 2006 to consolidate
LANCO's diverse operations under a single brand. LANCO decided to focus on its core
business - energy and construction - and enter the infrastructure and property development
sectors. As part of its business strategy, the organization has chalked out an ambitious growth
plan - in Power and Solar energy. LANCO also envisages aggressive growth plans for EPC with
a strong order book growth.