Shares of Adani Enterprises on Tuesday closed up 8.63% after the Adani Group gave the final investment approval for its Carmichael coal mine project in Australia.
Adani Enterprises, the flagship firm of Adani Group, today reported a 60 per cent jump in its consolidated net profit to Rs 221 crore for the fourth quarter ended March on the back of higher contribution from coal trading.
Concerned over linking the revenue sharing model to notified price of the state-owned CIL, private miners fear that it may jack up fuel prices.
India’s Adani Enterprises has applied for financing from an Australian infrastructure fund to build a rail line that is part of a $16 billion coal project in the state of Queensland,
Shares of Adani Enterprises witnessed a jump of 4% in Tuesday’s trading session as the company applied for funds from Northern Australian Infrastructure Facility (NAIF).
Asserting that Jharkhand is of strategic importance to Adani Group, Adani Enterprises Managing Director Rajesh Adani today said it will invest Rs 20,000 crore in the various sectors including investment of ultra mega power plant.