Lanco Infratech Ltd is scaling down its proposed coal mining-cum-infrastructure project in Australia. The proposal for the development of Lanco Resources Australia Pty Ltd’s Bunbury Port Berth 14 at the Bunbury Port Inner Harbour was withdrawn.
This comes in the backdrop of Lanco Infratech scouting for buyers for its Griffin coal mine, which it purchased for $665 million (around Rs.4,000 crore today) in 2011.
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