Integrated infrastructure conglomerate, Lanco Infratech Limited (LITL) has said that the Supreme Court of Western Australia has ruled in favor of Lanco and this has allowed its unit, Griffin Coal Mining Company Pty Ltd (GCMC) to revise coal supply agreement (CSA) with the Griffin Power entities.

Lanco Infratech scored a legal battle against the Perdaman Chemicals. Lanco said in a filing with the stock exchange that the court did not agree with the contentions made by Perdaman Chemicals and Fertilisers Pty Ltd (PCFL).

According to reports, Lanco Infratech figures proved that the company had touched an intraday height of Rs 19.70 and also recorded an intraday shortage of Rs 17.65.

While, at 13:01 hrs, the share quoting was recorded at an increase of 8.52%.

Moreover, the report information added that with quantity of 4,973,924 shares the Company entered the share market, and in prior trading session, the share was closed at Rs 17.60.

Recent reports have revealed that the lawsuit on Perdaman would come under the scrutiny of the courts by the end of September. It was revealed by the CEO of the firm Mr. Nagaprasad Kandimalla. He was of the revelation that the hearing would be at Lancro Infra, on a date that shall be revealed towards the end of September. There are a number of speculations on the lawsuit; it is going to decide the next moves as well as the destiny of the two firms.

New Delhi, June 21 : Infrastructure firm Lanco Infratech Limited (LITL) Tuesday said it has bagged an order worth Rs. 365.28 crore ($81.33 million) for a power plant in Iraq, its first international engineering, procurement and construction order.

The scope of the work includes complete engineering, procurement and construction of an open cycle gas-based thermal power plant with two frame gas turbine generator sets supplied by General Electric International.

Mumbai, May 30 : Infrastructure firm Lanco Infratech Monday reported a 2.72 percent decrease in its consolidated net profit for the fiscal ended March 31 at Rs. 446.07 crore as against Rs. 458.55 crore during the like period of the previous fiscal.

The net operating income also tumbled 4.89 percent at Rs. 7,783.73 crore during the period under review as compared to Rs. 8,184.04 crore during the like period of the previous financial year, the company said in a regulatory filing.

Technical analyst Prakash Gaba has maintained 'buy' rating on Lanco Infratech Limited stock with an intra-day target of Rs 41.

Mr. Anil said that the investors can buy the stock with a stop loss of Rs 37.

The shares of the company, on March 22, closed at Rs 38.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.70 and a low of Rs 33 on BSE.

Current EPS & P/E ratio stood at 2.21 and 17.44 respectively.

Technical analyst Somil Mehta of Sharekhan has maintained 'buy' rating on Lanco Infratech Limited stock with a target of Rs 45.

According to analyst, the investors can buy the stock with a stop loss of Rs 36.

The stock of the company, on February 21, closed at Rs 39.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.70 and a low of Rs 33 on BSE.

Current EPS & P/E ratio stood at 2.21 and 17.98 respectively.

Technical analyst Ashish Kukreja of Phinnacle Wealth Managers Pvt Ltd has maintained 'buy' rating on Lanco Infratech Limited stock with a target of Rs 60.

According to analyst, the stock can achieve the said target in a period of one year.

The stock of the company, on January 28, closed at Rs 47.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.70 and a low of Rs 42.50 on BSE.

Current EPS & P/E ratio stood at 1.92 and 24.84 respectively.

Stock market analysts have maintained 'buy' rating on Lanco Infratech Ltd with an intraday target of Rs 594.85.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 576.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 605.

Shares of the company, on Wednesday (Dec 09), closed at Rs 583.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 603 and a low of Rs 99 on BSE.

Hyderabad-based infrastructure firm, Lanco Infratech, has decided to raise Rs 727.35 crore through issue of shares to Qualified Institutional Buyers on a private placement basis.

The board has already approved to issue over 1.84 crore shares to the institutional buyers at a price of Rs 394.90 a piece on a Qualified Institutions Placement basis. Recently, Lanco Infratech has registered a growth of 96% in its consolidated net profit to Rs 115.85 crore for the first quarter ended June 30, over the corresponding period last year.

Hyderabad-based infrastructure firm, Lanco Infratech, has decided to raise Rs 727.35 crore through issue of shares to Qualified Institutional Buyers on a private placement basis.

The board has already approved to issue over 1.84 crore shares to the institutional buyers at a price of Rs 394.90 a piece on a Qualified Institutions Placement basis.

Recently, Lanco Infratech has registered a growth of 96% in its consolidated net profit to Rs 115.85 crore for the first quarter ended June 30, over the corresponding period last year.

Stock market analyst Ashwani Gujral suggested investors to ‘sell’ Lanco Infratech with a target between Rs 310 – Rs 300.

According to Mr. Gujral, investors can sell the stock with a strict stop loss of Rs 368.

Today (July 13), the shares of the company opened at Rs 339 as against its last closure of Rs 344.15 on Friday (July 10) on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 11.91 & 27.02 respectively. The share price has seen a 52-week high of Rs 449.40 and a low of Rs 83.10 on BSE.

Hyderabad-based infrastructure firm Lanco Infratech Ltd has informed that it has received Letter of Intent (LOI) for the contract worth Rs 52.30 crore from Footwear Design & Development Institute (FDDI), Ministry of Commerce & Industry, Government of India.

The scope of work includes Construction and Development of FDDI at E-1, Sipcot Industrial Park, Irungattukottai, Kancheepuram, Tamil Nadu.

The shares of the company closed today at Rs 355 on BSE, down 4% compared to previous close of Rs 370.

Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on State Bank of India (SBI) for a short term target between Rs 385- Rs 411.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 320.

The shares of the company, on Friday (June 20), closed at Rs 1672.70 on the Bombay Stock Exchange (BSE). The total volume of the shares traded on BSE was 725,791.

Lanco Infratech, a part of Hyderabad-based Lanco Group, is in the process of raising up to Rs 2,500 crore to part-fund its expansion plans and for some ongoing projects.

Reports suggest that, the most of the funds will be utilized to meet the expansion plans of the power projects under various stages of execution.

It should be noted that, the board of directors of the company have already approved raising of Rs 2500 crore through American depository receipts (ADRs), global depository receipts (GDR) and foreign currency convertible bonds (FCCB).