Perdaman seeks $3.5 billion in damages from ICICI Bank in coal case

Tags: News
Australia's Perdaman Chemicals and Fertilisers said it has launched a damages claim against ICICI Bank seeking A$3.5 billion in its ongoing legal battle with 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 January 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.


  • EPFO would do well to have better risk management of available cash

    The Employees’ Provident Fund Organisation (EPFO) is apparently revisiting its decision to invest about Rs 6,000 crore in stocks this year.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

The prejudiced childhood

Sometimes the most unusual things can remind you of the ...

Gautam Gupta

To read about online videos, click here

ONce, not so long ago, exhorbitant costs had made sure ...


William D. Green

Chairman & CEO, Accenture