Lanco Infratech gains as arm commences operations at Vijaywada unit

Lanco Kondapalli Power has commenced operations of the 371 Mw unit of Kondapalli Power Project

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.