Monday, 7 December 2015

Lanco Infra up 9%

Shares of Lanco Infratech rose nearly 9 percent intraday Monday after its step down subsidiary, Lanco Amarkantak Power (LAPL) has started power supply to Haryana discoms from its domestic coal based 300 MW Unit no. 2, Chhattisgarh. 

"With the commencement of power supply to Haryana discoms at regulated tariff from this pithead plant, the entire 1800 MW operating coal based power portfolio of Lanco is now utilised to its full capacity with fuel pass through," the company says in its filing. 

LAPL has recently got a favourable order from the Supreme court directing the South Eastern Coalfields to supply coal to 300 MW Lanco Amarkantak unit II treating it as a unit having a subsisting long term PPA.

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