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Lanco unit Griffin gets nod for Australian coal facility

Griffin Coal proposes to develop coal storage and loading facilities at the Bunbury Port Inner Harbour. The berth would support the export of coal from Collie Basin, where the mines are located.

Lanco hopes to resolve Griffin issue with Aus tax department

The Australian Taxation Office (ATO) has filed the petition against Griffin Coal in the wake of non-payment of tax arrears of about AUD 13.9 million, according to a document filed in an Australian court.

High AUD, low coal price delay Lanco's Griffin Coal stake sale

The sources indicated that though the problem is not specific to the company, these issues may not be encouraging in terms of valuation.

Lanco plans AUD 1 bn investment in Australia's Griffin Coal

Diversified group Lanco Infratech plans to invest around 1 billion Australian dollars (AUD) to increase the annual production capacity of Australia-based Griffin Coal to 16 million tonne.

Lanco Infra soars 18% as unit settles litigation by Perdaman

Cheering the news, shares of the company shot-up by 17.88 percent to Rs 12.39 on the BSE.

Lanco settles lawsuit with Perdaman; to pay AUD 7.5 mln

In a "big relief" for the diversified group, Lanco Infratech Friday said it will pay AUD 7.5 million to settle the protracted AUD 3.5 billion- legal battle with Australia's Perdaman Chemicals over coal supply issues.

Australian court refuses Perdaman's request to sue ICICI Bank

In January, Australia-based Perdaman Chemicals said it filed a lawsuit against ICICI Bank Ltd seeking damages worth 3.2 billion Australian dollar (around Rs 18,010 crore today), claiming that the Indian bank restrained Griffin Coal from supplying coal to its upcoming urea plant in Western Australia.

Perdaman drags ICICI Bank to Aus court in Lanco issue

Perdaman last year had filed AUD 3.5 billion lawsuit against Lanco in Australia, alleging non-compliance with fuel supply pact by Griffin Coal for its upcoming urea plant in Western Australia.

Griffin Coal to get AUD 50 mn from Bluewaters Power next month

Chief Financial Officer of Lanco Infratech T Adibabu said the amount would help Griffin Coal to meet its financial requirements for the next seven to eight months.

Lanco Infratech wins legal battle against Perdaman Chemicals in Australia

Diversified group Lanco Infratech Monday said it has won a ruling from an Australian court that allows its subsidiary Griffin Coal to revise coal supply pact with Bluewaters Power Station.

Griffin Coal to gain AUD 150 mn after Bluewaters Power sale

Bluewaters Power Station is set to be sold to a Japanese consortium of Sumitomo Corp and Kansai Electric Power Co for an enterprise value of around USD 1.2 billion.

Former Griffin Coal owner claims Oz mines back from Lanco

Griffin Coal has terminated coal supply agreement with Perdaman Chemicals on August 30 last year.