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.