Reuters logo
Perdaman seeks A$3.5 bln in damages from ICICI Bank in coal case
January 10, 2013 / 5:43 AM / 5 years ago

Perdaman seeks A$3.5 bln in damages from ICICI Bank in coal case

Jan 10 (Reuters) - Australia’s Perdaman Chemicals and Fertilisers said it has launched a damages claim against India’s ICICI Bank seeking A$3.5 billion in its ongoing legal battle with India’s Lanco Infratech over a stalled fertiliser project.

The comapany said in an email that it had filed its application in federal court in Perth, Australia, on Jan. 2.

The dispute centres around a coal supply deal for Perdaman’s proposed coal-to-urea project in Western Australia.

Lanco and ICICI did not have immediate comment.

Reporting by Sonali Paul in MELBOURNE and Tony Munroe in MUMBAI

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below