Adani Enterprises today announced plans to demerge its renewable energy business into associate company Adani Green Energy Ltd as part of simplifying overall business structure.
Large protests were held across Australia on Saturday against Indian mining giant Adani Enterprises’ proposed Carmichael coal mine, which would be the country’s largest coal mine but has been delayed for years over environmental and financing issues.
India’s Adani Enterprises said on Monday it plans to begin work in October to build the controversial Carmichael coal project in Australia, aiming to make its first shipment in March 2020.
India’s Adani Enterprises said on Monday it will start work in October on its Carmichael coal project in Australia using A$400 million (S$430.7 million) of its own funds, even as it looks to lock in financing for the controversial mine.
Adani Enterprises has appointed corporate finance firm Grant Samuel to advise on funding for its multi-billion dollar coal mine in the Australian outback, two sources with knowledge of the matter said on Thursday.
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).