2026-05-19 03:08:50
Latest Post
Nifty Recovers from Intraday Lows, Nifty Bank Flashes Reversal Signal
Archies relaunches 'Archies Express' at Bharat Summit 2026; Founder Anil Moolchandani Honoured and Hanisha Gandhi Leads Retail Strategy Panel
V-Guard Introduces Aurina RO Water Purifier Series with Industry-First DuoGuard Technology- Nifty Bank fails to sustain rebound; technical structure hints at continued consolidation with weak bias
Lloyds Metals' B Prabhakaran Backs Global Education & Industry-Integrated Learning Initiative at UIT Gadchiroli
Stock Report
Lanco Infratech SPVs bag new contracts
Posted On : 2007-07-16 05:12:07( TIMEZONE : IST )
Lanco Infratech Ltd has announced that Lanco Hoskote Highway Pvt Ltd and Lanco Devihalli Highways Pvt Ltd, two Special Purpose Vehicles of LANCO, have bagged the contract for construction and operation of two road projects in Karnataka on Build, Operate and Transfer (BOT) basis under the National Highways Development Project (NHDP) Phase III.
The concession agreements for the projects have been signed with the National Highways Authority Ltd. The two road projects are the 81 km Bangalore-Hoskote-Mudbagal stretch on National Highway 4 and 82 km Neelamangla - Devihalli stretch on National Highway 48. The project involves six laning of 16 km stretch and four laning of the remaining stretches. The total project cost is estimated at Rs 1,006 crore. The concession periods are 20 and 25 years for the two projects respectively, including 30 months of construction period. The contracts have been awarded through a competitive bidding process.
The stock closed the day at Rs.254.65, up by Rs.7.25 or 2.93%. The stock hit an intraday high of Rs.259.80 and low of Rs.243. The total traded quantity was 1061792 compared to 2 week average of 788837.
