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This Article is From Jun 27, 2014

Production Down 'Slightly' at Lanco India Plant After Pipeline Blast

Production at the 1,466 megawatt Kondapalli power plant of the Lanco Group in southern India has fallen "slightly" after a blast on Friday at a pipeline supplying it with gas, a spokesman for the company operating the plant said.

Lanco Group, which operates the plant in Andhra Pradesh, is now sourcing gas from an alternate line, the spokesman added.

More than a dozen people were killed on Friday after a blast at a gas pipeline operated by state-owned energy company GAIL (India) Ltd.

As of 11:17 a.m., shares in Lanco Industries were trading at Rs 43.30 apiece on the BSE, down 1.59 per cent from the previous close.

Copyright: Thomson Reuters 2014

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