Lanco clocks INR 72 crore quarterly profit
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Lanco Infratech Stock News, Analyst Calls And Reviews
Lanco Infratech is making plans to exit its road biz, which is projected to be worth around Rs 1500 crore.
The company is also proposing to leave its wind power biz - Lanco Wind Power Pvt. Ltd.
The company is assessing all its non core biz sections.
The company may sell equity stakes or divest these non core actions to lift up funds for repaying debt and financing its growth proposals.
The company has identified wind power biz as a non core action.
The company has 5,000 MW of wind power authorizations and had got hold of land for 600MW of capacity.
The firm is in discussions with Actis, Blackstone and 3i for lifting $700 million for majority equity stake in it's power holding company.
The company’s hit an intraday peak of Rs 12.55 and an intraday low of Rs 12.35.
At 09:27 hrs, the share remained at Rs 12.45, up Rs 0.18, or 1.47%.
It was ruling with volumes of 532,600 shares.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
Lanco clocks INR 72 crore quarterly profit
Lanco to ramp up output from Australia mines
