Lanco Infratech Updates

Lanco Infratech Ltd has informed about the following significant Developments during the Quarter:

Construction

- Construction Division has bagged a work order of Rs 730 million from Tirupati Tirumala Devasthanams, Tirupati for construction of Sri. Venkateswara Vedic University at Alipiri, Tirupati. The project has to be completed within 24 months.

- The Company has been awarded the contract for construction of New Terminal Building at Varanasi Airport by the Airports Authority of India for a value of Rs 824 million.

- The Company has been the lowest bidder in five packages for the works of supply and erection of 33/11 KV sub-stations and 33/11 KV lines in Andhra Pradesh. The contract value is around Rs 675 Million.

Infrastructure

- The Company has entered into a Memorandum of Understanding with Gulfainer Company Ltd, UAE to co-operate on a variety of port and transportation projects.

Power

- The Government of Uttar Pradesh has approved the increase in the capacity of Anpara 'C' power project from 1,000 MW to 1,200 MW. The same is to be approved by the Uttar Pradesh Regulatory Commission.

- It has been decided that the existing capacity of 368 MW at Kondapalli Gas Power Station be expanded by 375-400 MW and a Request For Qualification and Request For Price for Construction and EPC for the same have been invited under International competitive bidding route.

- It has also been decided that the existing capacity of 2 x 300 MW at Amarkantak Power Station be expanded by 1 x 600 MW unit and a Request For Qualification and Request For Price for Construction and EPC for the same have been invited under International competitive bidding route.

- Lanco Electric Utility Ltd - the power trading arm of the Company traded 705.6 Millions Units during the second quarter of FY 2007-08 ranking 2nd in order of volumes traded for the quarter, after PTC and ranked No 1 in the private sector.

Property

- Based on the pronouncement of the judgment in the open court by the Hon'ble Chief Justice of the High Court of Andhra Pradesh, Company's Legal Counsel has confirmed that the "interim Stay" on the development activities undertaken by Lanco Hills Technology Park Pvt Ltd at Lanco Hills in Hyderabad has been vacated on October 26, 2007 with immediate effect and by virtue of this the development work can be re-commenced.