They were bitter rivals in the past, but new considerations are all set to become mutually beneficial.
Lanco Infratech has tied up with Telangana power utilities to sell 325 Mw from its two merchant plants located in Andhra Pradesh.
Lanco’s agreement with Telangana government marks the end of a bitter past between the company promoters and the ruling TRS headed by CM K Chandrasekhar Rao as company promoter and former Congress MP Lagadapati Rajagopal had strongly opposed the bifurcation of the state..
The deal comes as a relief since the power superfluous AP was not in a position to absorb the additional generation on its own, leading to uncertainties about the success of the programme.
But one question to CM of Telangana, What will happen to wafq properties which were grabbed by lanco Hills.
Protection of Wakf properties will be the top priority of Telangana Rashtriya Samithi (TRS) and it was the CM’s promise before election in their election manifesto to reclaim the prime wakf properties especially thousand crore Manikonda wakf land encroached by lanco Hills.
Lanco Hills litigation is the country’ highest worth Wakf property case where 1,630 acres wakf property in Manikonda village of Hyderabad which worth over 32,000 crore was allotted to industrialists in 2006 by Congress Government at throw away prices.