Lenders to Lanco Infratech are looking to rope in a strategic investor for the company\u2019s 8,000 MW power portfolio, the company said in a regulatory filing on Tuesday, reports fe Bureau in Mumbai. The company and its lenders are looking to \u201cbring strategic investor at power holding company level or at SPV level for the power portfolio of around 8000 MW\u201d, Lanco said in a release. The firm\u2019s total debt stood at Rs 41,198 crore at the end of September 2015; it reported a net loss of Rs 195 crore on the back of Rs 514 crore in revenues in Q3FY16. At the end of December, the company had 3,460 MW operational of power projects and 4,636 MW of projects under construction. The company said that in continuation of the corporate debt restructuring (CDR) scheme and other funding proposals approved by the lenders in the past, the company is in discussion with lenders and consultants to sell or securitise some operating assets. According to a banker who is part of the consortium, lenders met last week and are preparing a plan to rejig some of the company\u2019s businesses. \u201cDiscussions are in the primary stages and nothing has been decided yet,\u201d he said. The consortium is led by IDBI Bank and members include Allahabad Bank, Andhra Bank, Axis Bank, Oriental Bank of Commerce, Punjab National Bank, ICICI Bank and State Bank of India (SBI) and its subsidiaries, among others. K Rajagopal, chief executive of the group\u2019s power business, had told FE that its 500 MW Teesta Hydro Power in Sikkim, the majority of which is now owned by a consortium of lenders, attracted three potential buyers that include at least one foreign company. The hydro project, with an estimated cost of over Rs 3,000 crore, has suffered several delays leading to an interest payment default by the promoter. The consortium of banks converted part of its debt into equity to hold 51% in the project under the strategic debt restructuring (SDR) scheme approved by Reserve Bank of India earlier last year. The total debt for the project stood at nearly `2,200 crore while Lanco\u2019s equity stood at about Rs 700 crore. Lanco had divested its 1,200 MW coal-based power plant in Udupi to Adani Power earlier last year. Lanco\u2019s loans were restructured by the CDR cell in December 2013 with a moratorium of two years from the cut-off date of April 1, 2013, and repayable in 30 quarterly instalments starting from June 30, 2015. Shares of the company on the BSE stood at Rs 5.06 apiece on Tuesday, up 3.9% from its previous close.