Lanco: No Sasan blues

STOCK IN THE NEWS

Despite losing the Sasan power project, Lanco Infratech was in great demand on the bourses. The stock has clocked a weekly gain of 23.17 per cent, with weekly trading volumes of 183.96 lakh shares compared with 104.93 lakh shares in the previous week. The company is a fast-growing infrastructure player with significant presence in real estate, power and construction.

According to ICICI Securities, Lanco has grown rapidly across the construction, power and real estate sectors and has ambitious plans to expand further.

The company plans to increase its power portfolio from 518 mw to 3,848 mw by the financial year 2012. It has a construction order book worth Rs 7,500 crore and further additions of Rs 70 billion are expected from the power plants, roads and in-house property projects.

The company's real estate segment has also shown significant progress -- the 14.7 million square feet Lanco Hills project is moving at a fast pace, with other realty projects being planned in Hyderabad and Chennai.