Lanco Infratech is currently trading at Rs. 7.50, up by 0.65 points or 9.49 % from its previous closing of Rs. 6.85 on the BSE.
The scrip opened at Rs. 6.95 and has touched a high and low of Rs. 7.95 and Rs. 6.90 respectively. So far 5005170 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.22 on 09-Jan-2013 and a 52 week low of Rs. 4.96 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 7.04 and Rs. 6.37 respectively. The current market cap of the company is Rs. 1846.79 crore.
The promoters holding in the company stood at 70.63 % while Institutions and Non-Institutions held 5.20 % and 24.17 % respectively.
Lanco Infratech has reportedly proposed to sell assets worth Rs 7,612 crore. The company is looking to sell 3 power projects for Rs 6,350 crore and road projects for Rs 668 crore. Further, the company will sell 1 solar and 1 real estate project.
Recently, in a major relief to cash-strapped Lanco Infratech, a consortium of lenders, headed by IDBI Bank, approved a corporate debt restructuring (CDR) package for the holding company. The decision to clear the Rs 7,000-crore CDR package and release Rs 3,500 crore towards working capital will enable the company to resume EPC (engineering, procurement and construction) operations, which were hit by a cash crunch.
Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.
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| KEC International | 774.35 |
| Kalpataru Projects | 1225.00 |
| NCC | 312.80 |
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