Lanco Infratech subsidiary receives SEZ approval

Lanco Infratech Ltd has announced that a land area of 11.77 Hectares in Manikonda Village, Rajendranagar Mandal, Ranaga Reddy District in the State of Andhra Pradesh held by M/s. Lanco Hills Technology Park Pvt Ltd, a Subsidiary of the Company, - has been notified as a sector specific Special Economic Zone for Information Technology and Information Technology Enabled Services by the Ministry of Commerce and Industry, Department of Commerce, Government of India, vide their notification dated April 10, 2007.

The stock closed the day at Rs.154.65, up by Rs.3.40 or 2.25%. The stock hit an intraday high of Rs.157.45 and low of Rs.152. The total traded quantity was 307974 shares compared to 2 week average of 258751.

Source : Equity Bulls

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