Lanco Infratech has announced that it is in the process of forming a holding company to bring all its power projects under one roof.

Mr Venkatesh Babu MD of Lanco Infratech said that "We have appointed PricewaterhouseCoopers to restructure the power business. A report from them is expected in a month." He added that the move would reap financial and operational benefits for Lanco.

Mr Babu said that Lanco Infratech has a portfolio of around 600 MW and this will double in the current year. It has an ambitious target of generating 13,000 MW power by 2013. He added that "We have already received financial closure for 6,000 MW."

Asked whether the holding company would be listed on the bourses, Mr Babu said that could wait since the company has enough funds for projects in the next one and a half years. He said that "We may look at listing the company thereafter. But that will not happen before the first or second quarter of the next financial year."

Lanco had won the Sasan ultra mega power project along with its partner Globeleq. But that was subsequently disqualified as Power Finance Corporation found some anomalies in the submission made by Globeleq.

Lanco has partnered with Genting of Malaysia and submitted the request for qualification for the Tilaiya UMPP coming up in Jharkhand. Lanco is in talks with a couple of overseas private equity players to raise USD 200 million for its realty business.