Queensland Premier Annastacia Palaszczuk today ruled out giving financial support to Adani Group for its controversy-hit 21.7 billion dollars Carmichael mine project but the Indian energy giant asserted that it is moving forward on “all fronts”.
India’s Adani Group inked a deal with East Hope Group, one of China’s largest companies, which will invest over $300 million to set up a manufacturing unit for solar power generation equipment in Gujarat.
The Adani Group, a global integrated infrastructure conglomerate, on Tuesday announced the commissioning of a 50 megawatt solar PV plant in Mahoba district, Uttar Pradesh, under the National Solar Mission Scheme.
The much awaited Kamarajar Port-Adani group’s Rs 1,270-crore container terminal at Kamarajar Port in Ennore will be inaugurated by Union Shipping and Road Transport and Highways Minister Nitin Gadkari on Friday.
Shares of Adani Group companies – Adani Enterprises, Adani Transmissions, Adani Port and Special Economic Zone (SEZ) and Adani Power – have rallied by up to 13% on BSE in intra-day trade after Adani Australia said it reached agreement with the Queensland Government on royalty payments for its $16.5 billion Carmichael coal projects.
India could look elsewhere for its coal requirements if Queensland government delays its decision on a royalty holiday deal with the Indian energy giant Adani Group, Australian Resource Minister Matthew Canavan has warned.
India’s Adani Group could walk away from its $16.5 billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan.