Currency woes, low coal price delay Griffin Coals stake sale

Griffin Coal, an arm of infrastructure giant Lanco Infratech, has finally reached an out-of-court settlement with Perdaman Chemicals over disputed supply of coal. As part of the settlement, Griffin will pay A$7.5 million (nearly Rs42 crore) to ...

Shares of Lanco Infratech Ltd on Monday surged 18 per cent in morning trade, after its Australian subsidiary, Griffin Coal, said the protracted litigation for a claim of AUD 3.5 billion initiated by Perdaman Chemicals against it has been settled.

Lanco Infratech (LITL), the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure is planning to increase the annual production capacity of ...

Gurgaon-based infrastructure major Lanco Infratech Ltd said its Australian subsidiary, Griffin Coal, have settled a $3.5-billion lawsuit filed by Perdaman Chemicals & Fertilisers over coal supply issues. According to an agreement signed between the ...

Lanco Infratech is currently trading at Rs. 10.97, up by 0.17 points or 1.57% from its previous closing of Rs. 10.80 on the BSE. The scrip opened at Rs. 11.25 and has touched a high and low of Rs. 11.25 and Rs. 10.87 respectively. So far 355301 ...

A dispute over coal supply agreements has been settled out of court between Perdaman Chemicals and Griffin coal mine owner, Landco Infratech. A urea plant for the Shotts Industrial Park was first proposed in 2009. The following year, however, ...

According to the latest reports, Australia's Griffin Coal and Perdaman Chemicals have settled a massive A$ 3.5 billion lawsuit between them. Perdaman had sued Griffin Coal, which is a unit of India's Lanco Infratech, for allegedly breach of a coal ...

New Delhi, Apr 29 (IBNS) (LITL), a leading integrated infrastructure conglomerate, on Monday announced that the protracted litigation for a claim of AUD 3.5 billion initiated by Perdaman Chemicals against Griffin Coal, Lanco Group and its Officers, ...

The Federal Court of Australia in its ruling has said ICICI Bank that financed Lanco Group for acquisition of Griffin Coal cannot be dragged into the legal dispute that Perdaman Chemicals & Fertilisers has with the Indian infrastructure company over coal supply issue.Federal Court Justice Neil McKerracher, on March 6, refused Perdaman's request to formally serve the bank with the lawsuit in Singapore."The Bank had no obligations to Perdaman nor was it negotiating with or bargaining with ...