Lanco Infratech bags Rs 3,960 cr contract

Written By Unknown on Kamis, 27 Februari 2014 | 23.25

Lanco emerged as the successful bidder for the contract which has been awarded by Tamil Nadu Generation and Distribution Corporation Ltd. With this contract, the group's order book now stands at Rs 27,005 crore.

Diversified  Lanco Infratech has won a contract worth Rs 3,960 crore related to a power project in Tamil Nadu. The Engineering Procurement and Construction (EPC) contract for 660 MW super critical Ennore thermal power station expansion project is worth Rs 3,960 crore, the company said in a statement.

Lanco emerged as the successful bidder for the contract which has been awarded by Tamil Nadu Generation and Distribution Corporation Ltd. With this contract, the group's order book now stands at Rs 27,005 crore.

According to the statement, Tamil Nadu Chief Minister Jayalalithaa handed over the confirmation letter to Lanco Infratech's Executive Chairman L Madhusudhan Rao. "The Letter of Intent would be issued shortly as confirmed by Tamil Nadu Generation and Distribution Corp Ltd," it added.

Lanco Infratech stock price

On February 26, 2014, Lanco Infratech closed at Rs 6.31, up Rs 0.01, or 0.16 percent. The 52-week high of the share was Rs 14.25 and the 52-week low was Rs 4.96.


The latest book value of the company is Rs 15.09 per share. At current value, the price-to-book value of the company was 0.42.


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