Saturday, November 24, 2007

Lanco Infratech bags Rs 672.4 mn order

Lanco Infratech announced that the company received an order of Rs 672.4 million from Central Power Distribution Company of Andhra Pradesh.

The scope of work include supplying and erecting 33/11 KV Substations and 33/11 KV Lines in the five districts of Mahabubnagar, Kurnool, Nalgonda, Medak and Ananthapur in the state of Andhra Pradesh.

Recently on November 12, Lanco Infratech announced that it received letters of acceptance from Andhra Pradesh (AP) Health & Medical Housing & Infrastructure Dev. Corporation (APHMHIDC), an enterprise of government of Andhra Pradesh, for the construction of medical college, hospital complex, hostels, and ancillary structures for RIMS etc., at Srikakulam in Andhra Pradesh. The total value of the contract is Rs 731.8 million.

Shares of the company gained Rs 8.3, or 1.96% to settle at Rs 432.20. The total volume of shares traded was 253,591 at the BSE.(Friday ).


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