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Lanco Infra soars 18% as unit settles litigation by Perdaman

Last Updated: Monday, April 29, 2013, 12:23

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

Last Updated: Monday, April 29, 2013, 10:15

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.