Adani Enterprises today said it has sold 100 per cent stake in its wholly-owned subsidiary Adani Energy Ltd (AEnL) for Rs 13.61 lakh.
Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies.
Adani Enterprises said it has signed a coal mining agreement with NLC IndiaLtd for development and operation of Talabira II and III coal block.
Adani Enterprises Ltd. needs as much as A$3 billion ($2.3 billion) in debt financing to help start producing Australian coal from one of the world’s largest mines, after major banks from Sydney to New York said they don’t want to lend to polluting fossil-fuel projects.
Indian conglomerate Adani Enterprises said on Tuesday it would “adjust” to any constraints placed on its A$16.5-billion ($12.4 billion) coal mine project in Australia after seeing a government loan vetoed by the Queensland state premier.
Indian conglomerate Adani Enterprises is in talks with China Machinery Engineering Corp (CMEC) for the financing of a controversial coal mine project in Australia, two sources with knowledge of the situation said on Thursday.
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.