Lanco Infra Shares

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  Lanco Infratech Surges on Power Supply to Haryana Discom

  The revenues of Lanco Amarkantak is likely to double to Rs 1,200 crore and its operating profit (EBITDA) is likely to increase by Rs 200 crore for the full year of operation after the start of power supply to Haryana Discom, Lanco Infra said in a release to Bombay Stock Exchange.

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  Lanco Aims to Raise Up to $1 Billion, Shares Soar on Return to Profit

  Lanco said the outlook for its power business was improving as coal availability has increased and it has sealed power purchase agreements with consumers.

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  Lanco Infra Swings into Profit After 3 Years, Shares Soar 20%

  Lanco Infratech shares jumped 20 per cent on Tuesday, a day after the Delhi-based infra developer reported its first profit in three years. Lanco Infra's Q2 consolidated net profit of Rs 99 crore was aided by tax reimbursements and favourable power tariff order, the company said.

• Lanco Infra to Invest up to Rs 6000 Cr in Subsidiaries, Firms

  The firm said through the resolution its Board will be authorised "to invest or acquire the securities of any other body corporate including its subsidiary company(ies) by way of subscription/purchase or otherwise, up to a sum of Rs 6,000 crore".

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  Why JP Associates, KSK Energy, Lanco Infra Crashed This Year

  Had India's hundreds of mid-cap firms aggressively cut their massive debts acquired in the boom years after the 2008 global crisis, their shares might not have dropped as precipitously in today's uncertain economy.

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  Adani Power, Lanco Infra Shares Jump on Udupi Plant Deal

  Adani Power will pay Rs 2,000 crore in cash and acquire Rs 4,000 crore worth of debt taking the transaction value to Rs 6,000 crore. Analysts say Lanco will make a profit of Rs 350 crore on its investment. The deal will also help the company bring down its net debt, which stood at Rs 36,000 crore at the end of March this year.

• Lanco Infra soars 18% as coal unit settles Perdaman litigation

  Shares of Lanco Infratech Ltd today surged 18 per cent in morning trade, after its Australian subsidiary, Griffin Coal, said the protracted litigation for a claim of AUS$3.5 billion initiated by Perdaman Chemicals against it has been settled.

• Lanco Infra, Adani Power gain on coal price pooling reports

  Shares of private sector power producers gained on media reports the Cabinet has given preliminary approval to price coal by averaging prices of domestic and imported coal.

• Lanco Infra shares surge after Australian court verdict

  Diversified group Lanco Infratech today said it has won a ruling from an Australian court that allows its subsidiary Griffin Coal to revise coal supply pact with Bluewaters Power Station. The Supreme Court of Western Australia has rejected the plea from Perdaman Chemicals and Fertilisers Pty Ltd (PCFL) on the issue, according to Lanco.

• Power stocks see profit-taking after sharp rally on SEB restructuring

  Shares in power firms traded off the days high after rallying sharply in early trade. The BSE Power index, which opened with nearly 2 per cent gains, traded 0.6 per cent higher at 10.10 a.m. Tuesday.

• Small-cap, mid-cap stocks outshine blue-chips

  Shares of HDIL, Lanco Infra and Orbit Corp have zoomed by 127 per cent, 131 per cent and 130 per cent, respectively so far in the current year.

• Sensex, Nifty fall, power stocks soar

  Shares of Lanco Infra (6.3%) and Adani Power (4.5%) were the top gainers on the BSE Power index.

• Lanco Infra shares soar after Q3 net income jumps 55%

  The sharp decline in profit was on account of higher input costs and forex losses.