Reacting to Perdaman initiating a legal process against Lanco Infratech (the company) in the Supreme Court of Western Australia, the company stated that it is devoid of merits and intended to seek negative opinion.

Mr. V Sreenivas, Director, Corporate Communications, in a statement late on Friday said “Lanco notes the comments made by Perdaman on a case recently commenced by it in the Supreme Court of Western Australia. Lanco is disappointed that Perdaman chose to make public statements in India regarding this case and feels that it must correct the record.”

“In our view, the purpose of the release by Perdaman was to elevate an otherwise baseless claim made in Australia to the public's attention in India is improper, devoid of merits and is intended to seek negative opinion against Lanco Infratech,” he added.

So far, Mr. Srinivas said “Perdaman has not filed a statement of claim in the Supreme Court of Western Australia explaining the basis for its claim and in particular, how it arrived at a damages claim of that amount. If those documents are filed then Lanco Infratech would vigorously defend these claims in Court.”

“As the matter is before the Supreme Court, out of respect for the Court's processes, Lanco will not be making further comment and expects Perdaman to show the Court a similar level of respect,” it further said Griffin Coal mine has a resource base of over 1 billion tonne and the referred contract with Perdaman is approximately for 2.75 million tonne per annum.

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