Lanco Infratech gains as arm commences operations at Vijaywada unit
Shares of Lanco Infratech was up over 5% at Rs 7.34 on the Bombay Stock Exchange after the company said its arm had started operations at Vijaywada unit.
Lanco Kondapalli Power Limited, a subsidiary of the company, has started commerical operations of the 371 Mw unit of Kondapalli Power Project at Vijayawada in Andhra Pradesh from January 09, 2016, the company said in a release.
The stock opened at Rs 6.90 and touched a high of Rs 7.55. At 11:35am, over 6.8 million shares were traded on both the stock exchanges.