Lanco Infratech climbs on arm completing 56MW Solar Photovoltaic Power Plants

18 Apr 2012

Lanco Infratech is currently trading at Rs. 18.55, up by 0.50 points or 2.77% from its previous closing of Rs. 18.05 on the BSE.

The scrip opened at Rs. 18.25 and has touched a high and low of Rs. 18.70 and Rs. 18.05 respectively. So far 21,80,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 43.90 on 27-Apr-2011 and a 52 week low of Rs. 8.50 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 18.75 and Rs. 17.55 respectively. The current market cap of the company is Rs. 4,466.00 crore.

The promoters holding in the company stood at 72.22% while Institutions and Non-Institutions held 10.70% and 17.08% respectively.

Lanco Solar, a fully owned subsidiary of Lanco Infratech - the fastest growing business conglomerates in India with interests in EPC, Power, Solar, Resources and Infrastructure has completed a total of 56MW Grid connected Solar Photovoltaic Power Plants in Gujarat.

This includes three plants of 35 MW owned by Lanco Infratech and additional 21 MW built as turnkey EPC for other developers - the Gujarat Power Corporation (5MW), GSPC Pipavav Power Company (5MW); GHI Energy (10 MW} and Gujarat State Electricity Corporation (1MW). These power plants are expected to generate up to 90 million units of green electricity annually resulting in reduction of CO2 emissions by 85757 tonnes annually.

Believing that sustainable development is extremely important, Lanco has embarked on a strategic plan to build its business in solar energy. The company is building different verticals across its value chain including Project Development for solar power plants within and outside India.

Related Lanco Infratech Ltd. Links:
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