Lanco Infratech

  • GMR sells $35 million highway stake to slash debt September 17, 2013

    GMR Infrastructure has sold its majority stake in a highway project for about $35 million, as debt-laden companies step up sales of some assets to boost earnings in a sector struggling with a weak economy. GMR, one of the country's best known infrastructure groups, whose interests span airports to power plants, said...
  • UP: As North India burns under the heat, power cuts add to woes May 31, 2013

    Kanpur: As north India burns under the heat wave, citizens in Uttar Pradesh are finding it tougher to battle the heat with constant power cuts. Uttar Pradesh is facing power outage of upto 12 hours a day. People say the power cuts are causing water shortage too and that domestic...
  • Lanco Infra soars 18 per cent on settlement with Perdaman April 29, 2013

    Mumbai: 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. Cheering the news, shares of the company shot-up by 17.88...
  • Lanco Infra subsidiary settles litigation with Perdaman April 29, 2013

    Hyderabad: Griffin Coal, a subsidiary of Lanco Infratech Ltd in Australia, on Monday said the protracted litigation for a claim of AUD 3.5 billion initiated by Perdaman Chemicals against it has been settled. According to a release issued by Lanco, the Australian coal miner has agreed to pay Perdaman a...
  • Australia: Perdaman seeks $3.5 bln in damages from ICICI January 11, 2013

    New Delhi: Australia's Perdaman Chemicals and Fertilisers sought to widen its legal battle against Lanco Infratech over a stalled coal-to-urea project by launching a A$3.5 billion damage claim against ICICI Bank, the lender to Lanco's Griffin Coal unit. Perdaman filed its application in federal court in Perth, Australia, on January...