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

Australia's Perdaman Chemicals and Fertilisers said it has launched a damages claim against ICICI Bank seeking A$3.5 billion (around Rs 20,185.50 crore)  in its ongoing legal battle with India's Lanco Infratech over a stalled fertiliser project.

The company 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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