Lanco Infratech shares climbed on Thursday after the company has sold its Udupi Power plant to Adani Power, for its 1200 MW Udupi power plant. The deal is valued at more than Rs 60 billion.
The Lanco Udupi Power Plant has already signed with Karnataka Government for further expansion of 1320 MW.
Shares of the company are trading at Rs 8.95, up Rs 0.42, or 4.92% at the Bombay Stock Exchange (BSE) on Thursday at 10:06 a.m.
The scrip has touched an intra-day high of Rs 8.95 and low of Rs 8.95. The total volume of shares traded at the BSE is 201,112.
