Lanco's Griffin Coal in receipt from Bluewaters Power

Indian infra giant Lanco's, Australian subsidiary Griffin Coal will get 50 million Australian dollar as an upfront payment from Bluewaters Power in January towards long-term coal supply agreement, this would help Griffin Coal to meet its financial requirements for the next seven to eight months. Lanco India already made 132 million Australian dollar of funds available to Griffin Coal from July 2011 to October 2012, approximately 10 million Australian dollar per month.
The agreement with

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