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Lanco Industries shuns plan to set up Ferro Alloys plant

11 Feb 2013 Evaluate

Lanco Industries has withdrawn its proposal for setting up of Ferro Alloys Plant with a capital outlay of Rs 40 crore. The company has taken this step with an anticipated hike in power tariff in near future coupled with current power situation. The board at its meeting held on February 09, 2013 has approved for the same.

Lanco Industries is engaged in the manufacturing of DI pipes, foundry and SG-grade pig iron and portland slag cement with DI pipes being the main product.

Peers
Company Name CMP
AIA Engineering 3920.55
Alicon Castalloy 729.70
Nelcast 118.55
PTC Industries 21791.30
Synergy Green Inds. 639.15
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