Adani Enterprises shares surged as much as 7.67 per cent to Rs 169.95 on BSE in Thursday’s session, their highest in over 6 weeks.
Indian energy giant Adani announced on Thursday that it will self-finance its controversial coal mine in Australia and major works on the “scaled back” project will start “imminently after eight years of court challenges from environmental activists and delayed approvals.
India’s Adani Enterprises will fully fund its controversial Carmichael coal mine and rail project in Australia, Adani Mining Chief Executive Lucas Dow said on Thursday, according to a statement from the group.
Coal block auctions: Initial response positive, 69 firms purchase the tender documents priced at Rs 5 lakh
After the failure of last two tranches of coal-block auctions, the coal ministry has received “overwhelming” response for the latest invitations for 19 captive mined. A senior coal ministry official told FE that “as many as 69 companies
Seeking to bolster its coal stocks, state-owned power generator NTPC Ltd has moved quickly and awarded a contract for transporting 1.3 million tonne (MT) of the 5 MT additional fuel offered by Coal India Ltd (CIL) to tide over supply crunch.
Despite efforts to cut down imports of coking coal, India will have to “heavily depend” on imported coking coal for its plan to produce 300 million tonnes of crude steel by 2030-31, experts said on Tuesday.
The Supreme Court on Tuesday sought response from Adani Enterprises-led joint venture Parsa Kente Collieries to a plea seeking deallocation of two coal blocks in Chhattisgarh and filing of a criminal case for violation of allotment
Coal scam: SC asks SIT to file fresh status report on probe against former CBI director Ranjit Sinha
The Supreme Court Tuesday asked CBI’s Special Investigation Team (SIT) to file a fresh status report giving details of the probe into charges of “abuse of official position” by former CBI chief Ranjit Sinha who had allegedly tried to scuttle the probe in coal scam cases.
IT company Tech Mahindra Tuesday said it has bagged Rs 270 crore project from Coal India to deploy modern technologies in the state-owned company. “We have bagged a Rs 270 crore project from Coal India.
Coal India is ready to renew its 5-million-tonnes offer of additional coal to NTPC, which could not lift any quantity after it was offered the fuel with a 30-day deadline. NTPC executives said transporting the coal was a big hurdle.