Lanco Infratech carves out two subsidiaries

NEW DELHI: Lanco Infratech on Wednesday said it has carved out two subsidiaries for its thermal and hydro power generation businesses.

Lanco Infratech has put in place, Vamshi Industrial Power as a holding company for thermal special vehicles (SPVs) or projects and Vamshi Hydro Energies for hydro electric SPVs or hydro power plants, the company said in a filing to the BSE.

This arrangement is with effect from March 31, 2012. These two holding companies are wholly-owned subsidiaries of power holding company, Lanco Power, which in turn is a wholly-owned subsidiary of Lanco Infratech.

Shares of Lanco Infratech today ended flat at Rs 19 on the BSE.