India-based Lanco Infratech Ltd is considering a sale of its Australian unit, Griffin Coal Mining Co, so it could help pay debt, according to sources interviewed by Bloomberg.
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Indian business conglomerate Lanco Infratech begins debt restructuring process.
Lanco Infratech Ltd. (LANCI), an Indian power conglomerate still remains optimistic about its Australian mining business, despite being caught up with liquidation proceedings for tax problems.
