News & Analysis » India
Lanco Infratech Ties Up Fund For Rs.6,930 Cr. Project
September 9, 2010, Thursday, 13:36 GMT | 08:36 EST | 18:06 IST | 20:36 SGT
(RTTNews) - Lanco Infratech Ltd. said its group company in Orissa LANCO Babandh Power Ltd. had achieved financial closure for its 1,320 MW (2x660) thermal power project.
The project, estimated to cost Rs.6,930 crore, would be financed with a debt of Rs.5,544 crore and an equity of Rs.1,386 crore.
A consortium of 14 banks and financial institutions with ICICI Bank in the lead are providing the debt required for the project, the company added.
At the NSE, Lanco Infratech shares are currently trading at Rs.70.55, up by Rs.1.75 or 2.54% on a volume of 1,510,667 shares. The scrip touched an intraday high of Rs.71.20 and a low of Rs.69.10.
Stock Market Forum
- Information about Stock trading - An Article
7 February 2012
- how do you find canada stocks to trade?
3 February 2012
- my stock to watch for tomorrow-CLD
3 February 2012
- Dynamic levels is all about showing the stock levels for last 12 years.
19 January 2012
- Bank of England Keeps Base Rate unaffected at 0.50%
13 January 2012
- Oil price rise fuels India's inflation
4 January 2012
- How to invest in stock market
27 December 2011
- Four Secrets to invest in Stock Market: Beginners Guide
27 December 2011
- Food inflation plunges to 4-year low of 1.81%
22 December 2011
- Nifty delete certain posts gains on GDP data
22 December 2011