Lanco Infra commissions BOT toll road project, stock up

MUMBAI: Shares of Lanco Infratech continued to move higher after Lanco Devihalli Highways, the company’s special purpose vehicle, commissioned a BOT toll road project from Bangalore to Mangalore.

It completed four laning of the stretch from Neelmangala Junction, Bangalore to Devihalli. The company has started toll collection and will continue over the concession period of up to January 4, 2033.

At 11:50 a.m., the stock was at Rs 15.40, up 3.15 percent on the BSE. It has touched a high of Rs 15.70 and a low of Rs 14.91 today.

The stock gained over 27.5 percent in the past month and over 60 percent over a year.