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. The 25-year-old LANCO group is, today, uniquely poised to attain leadership position in its areas of operation. 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 March 2011 was over Rs. 11,265 crores (USD 2.56 billion).
Lanco Hills:
It is one of the world’s largest single-phase development projects. In scale and magnitude, few can match its vision. A city in its own right, this modern metropolis is all set to redefine Hyderabad’s skyline. This USD 1.5 billion mega project, Lanco Hills is the result of meticulous detailing by the world’s most renowned architects & consultants whose combined efforts have structured its elegant towers. Lanco Hills will be a unique world within, with convenient access to homes, premium office spaces, entertainment, hotels, leisure and shopping at one place. With the world’s tallest residential tower as a signature landmark and one of the best Clubhouses in the country, Lanco Hills will be an address to be aspired for. Breathtaking vistas, landscaped gardens and high-rise living combine to create an experience that is unique and spectacular.
History
1960-76
The Seeds of EnterpriseIn 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 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 FoundationHaving 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.
Building the FoundationHaving 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 AdversityIn 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.
Overcoming AdversityIn 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.
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 organisation 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 organisation's growth as an independent power producer.
Diversifying to Grow Diversification through joint venture partnerships became the key word at LANCO as the organisation 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 organisation's growth as an independent power producer.
2000-05
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 organisation. This was a period of change and reorganisation, 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.
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 organisation. This was a period of change and reorganisation, 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 organisation 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.
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 organisation 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.
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