Pick of the Week: Lanco Infratech

FOR SHORT TERM-MEDIUM TERM

BUY: LANCO INFRATECH

Equity: 222.36 Cr, BSE Code: 532778, CMP: 337.65

LANCO Infratech Ltd (LITL), one of the fastest growing corporate entities in India, has more than two decades of experience operating in the core sectors of Power Generation, Power Trading, Construction & EPC, Infrastructure and Property Development. As of now, the operating capacity of LANCO power projects stands at 518 MW and on the pipeline are a number of power projects to generate a total capacity of 15,000 MW by 2015.� With a proven record in integrated infrastructure development, LANCO constructs, develops and operates projects in power, roads and other infrastructure. The construction and EPC wing has so far executed Rs 2,000 crore worth projects and has an order book worth more than Rs 7,500 crore. Notably nearly all the construction and EPC works are done for LANCO power and infrastructure projects.

The construction industry is vast and complex, calling for specialization in different sectors. It also calls for enormous skills to master the intricacies of the works in the field. LANCO Infratech Ltd (LITL), established in 1993, is one of the few companies which have developed the art of developing diverse projects and managing them. LITL, the holding company of LANCO for Power, Realty and Infrastructure sectors, intends to leverage its expertise and experience to exploit opportunities in this emerging sector by developing large infrastructure projects in highways, ports, bridges and SEZs.

As part of streamlining its expanding operations, two divisions have been created to oversee and execute Infrastructure and EPC works. The two divisions are: Infrastructure & Construction Division and EPC Division.

LANCO proven expertise in power encompasses conventional as well as non-conventional sources of energy such as gas, coal, biomass, hydro and wind. Currently generating 518 MW of power in six operational independent power projects, LANCO plans to have an installed capacity of more than 4000 MW by 2010. Sales and NP for year ended 07-08 were 1574.6Cr & 200.2Cr. Sales and NP for latest Quarter 661.9Cr & 110Cr. On YOY basis NP has increased by 174% & based on quarter latest its increased by 353%