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.

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.