Lanco Infratech, one of the leading integrated infrastructure developers, witnessed a sharp rise in share price on Monday after the company announced commencement of power supply to Haryana discoms from its domestic coal based 300 MW unit 2 of Lanco Amarkantak Power (LAPL), 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.
Shares of Lanco Infratech are trading at Rs 6.48, up Rs 0.31, or 5.02% at the Bombay Stock Exchange (BSE) on Monday at 11:21 a.m.
Total volume of shares traded on the bourses today was lower by 14.17% to 8,234,677 compared with 22-day average volume of 9,594,099.