Lanco Infratech rises on financial closure

DALAL STREET SPIKES

Lanco Infratech rose 2.45 per cent to end the day at Rs 119.3 on Bombay Stock Exchange. As per media reports, the company has achieved financial closure for its coal, gas, wind and biomass power plants, totalling around 4,400 MW. These power projects are at various stages of development.

The stock made an intraday high of Rs 119.3 and a low of Rs 116.45. Total trading volumes were higher at 22,13,542 shares, compared to its two-week average of 15,61,820 shares. The scrip made a 52-week high of Rs 887.95 (December 14, 2007) and a low of Rs 83.1 (October 27, 2008).