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Lanco Infratech jumps after large order win

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The company made the announcement after market hours on Monday, 3 June 2013.

Meanwhile, the S&P BSE Sensex was up 27.79 points or 0.14% at 19,638.27.

On BSE, 97,000 shares were traded in the counter as against average daily volume of 8.20 lakh shares in the past two weeks.

The stock hit a high of Rs 9.47 and a low of Rs 9.13 so far during the day.

Lanco Infratech said that the scope of contract include off-shore supplies, on-shore supplies, civil and structuring works and on-shore services contract on engineering, procurement and construction (EPC) basis.

Lanco Infratech reported consolidated net loss of Rs 31.59 crore in Q4 March 2013, as against net profit of Rs 72.75 crore in Q4 March 2012. Net sales rose 5.7% to Rs 3549.58 crore in Q4 March 2013 over Q4 March 2012.

 

Lanco Infratech is one of India's largest integrated infrastructure developers. The company operates in five core sectors viz. EPC, power, natural resources, solar and infrastructure.

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First Published: Jun 04 2013 | 9:14 AM IST

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