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.

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