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

Last Updated: Sunday, May 5, 2013, 12:38

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

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.

Lanco Infratech trims workforce by 15-20%

Last Updated: Wednesday, February 13, 2013, 18:13

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 on Wednesday.

Lanco slips into Rs 464 crore quarterly loss

Last Updated: Tuesday, February 12, 2013, 22:13

Diversified group Lanco Infratech today reported a net loss of Rs 464.64 crore in the three months ended December 2012.

No big chance for out-of-court settlement with Perdaman: Lanco

Last Updated: Sunday, January 13, 2013, 20:01

"We don't see a great possibility of an out-of-court settlement with Perdaman Industries," Lanco CEO (Business Development) Nagaprasad Kandimalla said.

Lanco Infratech wins legal battle against Perdaman Chemicals in Australia

Last Updated: Monday, December 24, 2012, 12:13

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.

Lanco Infratech to supply 300 MW of power to MP discoms

Last Updated: Monday, December 3, 2012, 18:21

"Lanco Infratech would supply 300 MW of power from its Amarkantak Thermal Power Station to the distribution companies in Madhya Pradesh," Lanco said in a statement.

Lanco expects Perdaman issue to be resolved by March next year

Last Updated: Sunday, August 19, 2012, 13:26

Lanco Infratech has said the long drawn AUD 3.5 billion (about Rs 16,600 crore) legal battle with Australia's Perdaman Industries over coal supplies is expected to be resolved by March next year.

Lanco Infratech slumps to Rs 441 cr quarterly loss

Last Updated: Tuesday, August 14, 2012, 15:49

Lanco, which has presence in six segments including power and infrastructure, had a consolidated net profit of Rs 13.77 crore in the year-ago period.

Lanco clocks Rs 72.7 crore quarterly profit

Last Updated: Wednesday, May 30, 2012, 18:33

Diversified group Lanco Infratech Wednesday reported a profit after tax of Rs 72.7 crore in the three months ended March, benefiting from a one-time gain related to its power business.