Will come clean in legal tussle with Perdaman: Lanco

Perdaman Chemicals and Fertilisers that dragged Lanco Infratech to court over a coal supply pact said that the Australian court has consolidated all claims against the Indian firm. Perdaman seeks USD 3.38 billion in damages from Lanco.

Speaking to CNBC-TV18, J Suresh Kumar, chief financial officer of Lanco Group however said that there is no change to court proceedings. He is confident that his company will come out clean off the legal tussle.

Kumar however threw open an invitation to Perdaman to settle the case out of court.

Debt-to-equity for Lanco has been above five times for the past 18 months on a consolidated basis. However, Kumar assures that there are no issues with the company