Lanco Infratech surges on receiving favourable order from APTEL

06 Jan 2014

Lanco Infratech is currently trading at Rs. 8.16, up by 0.19points or 2.38% from its previous closing of Rs. 7.97 on the BSE.

The scrip opened at Rs. 8.18 and has touched a high and low of Rs. 8.27 and Rs. 7.97 respectively. So far 4, 86,000 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. 8.63 and Rs. 7.61 respectively. The current market cap of the company is Rs. 1,959 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 (LITL), one of India’s largest integrated infrastructure enterprise has received favourable order from APTEL. The Appellate Tribunal for Electricity (APTEL) has passed its order in the matter of tariff determination for the second unit of Lanco Amarkantak Power Project in Korba district, Chhattisgarh.

As per the APTEL order, Amarkantak Unit 2 shall be paid Regulated Tariff based on the actual capital cost of the project. This would result in sustainable and profitable operation of the project at full capacity.

Lanco Infratech, is headquartered in New Delhi Region and has employee strength of 4,240. It has an adjusted net-worth of Rs 5,429 crore and is present across in 5 core sectors viz. EPC, Power, Natural Resources, Solar and Infrastructure.

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