Sunday, November 11, 2012

LANCO INFRA LOSS WIDENS



Power to EPC to real estate to infra diversified Lanco Infratech has reported a consolidated loss of Rs 260 crore(stand alone) for the September quarter.

The entity, whose debt may go for CDR( Rs 32,700-crore debt) has been struggling for the last few quarters with low revenue generation from real estate & infra and sub optimal operating performance from power plants. The rupee one face value stock closed at Rs 12 on the exchanges on Friday. The stock has lost more than 50% in the last one year.



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