Griffin Coal

• Lanco May Soon Commence Port Project Work in Australia: Report

  Lanco Infratech's Australian subsidiary is expected to commence construction of a port from the third quarter of the year, said a notification issued by the Department of Environment, Australia.

• Lanco in Talks to Sell Stake in Griffin Coal Mine

  Infrastructure firm Lanco Infratech Ltd is in talks with investors to sell a stake in its Griffin coal mine in Australia and some road projects, it said on Friday, as part of its strategy to pay down a hefty debt burden

• Lanco Cuts Down Workforce by 30% Due to Slowdown

  According to the latest annual report of the infra major, the group, which had a workforce of 5,700 by the end of March 2013, cut down its workforce to 4,000 by the end of March this year. By the end of FY12, it had nearly 8,000 employees, the report said.

• Lanco Infratech to restructure Rs 7,500 crore in debt

  Lanco Infratech Ltd has started a process to restructure debts totaling Rs 7,500 crore after economic weakness impacted the performance of some of its businesses such as power and engineering and construction.

• Lanco plans AUS$1 billion investment in Australia's Griffin Coal

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

• Lanco Infra soars 18% as coal unit settles Perdaman litigation

  Shares of Lanco Infratech Ltd today surged 18 per cent in morning trade, after its Australian subsidiary, Griffin Coal, said the protracted litigation for a claim of AUS$3.5 billion initiated by Perdaman Chemicals against it has been settled.

• Lanco Infra up 10% as coal unit settles AUS$3.5 bn Perdaman litigation

  Griffin Coal, a subsidiary of Lanco Infratech Ltd in Australia, today said the protracted litigation for a claim of AUS$3.5 billion initiated by Perdaman Chemicals against it has been settled.

• Australian court refuses Perdaman's request to sue ICICI Bank

  The Federal Court of Australia in its ruling has said ICICI Bank, which financed Lanco Group for acquisition of Griffin Coal, cannot be dragged into the legal dispute that Perdaman Chemicals & Fertilisers has with the Indian infrastructure company over coal supply issue.

• Lanco Infratech trims workforce by 15-20 per cent

  Faced with difficult market conditions, diversified group Lanco Infratech has trimmed its workforce by about 1,400 people in the last 14 months, a senior company official said today.

• Lanco Infra hits out at Perdaman for A$3.5 bn lawsuit against ICICI Bank

  Lanco Infratech on Thursday said that ICICI Bank has no contractual relationship with Australia's Perdaman Chemicals and Fertilisers and the latter's attempt to drag ICICI Bank in its ongoing legal battle with Lanco was a desperate attempt of greenmail.

• Lanco Infra shares surge after Australian court verdict

  Diversified group Lanco Infratech today 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. The Supreme Court of Western Australia has rejected the plea from Perdaman Chemicals and Fertilisers Pty Ltd (PCFL) on the issue, according to Lanco.

• Lanco close to deal on hiking coal prices at Australia mine

  Lanco Infratech owned Griffin Coal's threat to halt coal supply to the Bluewaters Power Station in Western Australia unless prices are revised upward.