SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Lanco Infratech soars on plan to sell stake in 3 power units for Rs 2,500 crore

20 Feb 2013 Evaluate

Lanco Infratech is currently trading at Rs. 12.07, up by 0.25 points or 2.12% from its previous closing of Rs. 11.82 on the BSE.

The scrip opened at Rs. 12.05 and has touched a high and low of Rs. 12.25 and Rs. 11.97 respectively. So far 1303557 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 24.70 on 21-Feb-2012 and a 52 week low of Rs. 10.49 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs. 12.25 and Rs. 11.31 respectively. The current market cap of the company is Rs. 2913.44 crore.

The promoters holding in the company stood at 70.83% while Institutions and Non-Institutions held 5.16% and 24.00% respectively.

Lanco Infratech is in talks with strategic and financial investors to sell stake in three power projects separately to raise over Rs 2,500 crore after attempts to sell stake in its arm that owns all the units failed. The shift in strategy comes after almost a year of attempts by Lanco to raise up to Rs 4,150 crore by selling a minority stake in its power holding company to private equity funds or strategic investors.

The company has been struggling to stay afloat as it deals with a staggering debt of Rs 35,500 crore, its inability to recover almost Rs 3,000 crore of receivables from state discoms even as it is forced to run plants at low capacity due to paucity of fossil fuel. 

Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×