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 Enterprises on Tuesday closed up 8.63% after the Adani Group gave the final investment approval for its Carmichael coal mine project in Australia.
Indian conglomerate Adani Group today gave the final investment approval for its controversy- hit 21.7 billion dollars Carmichael coal mine project in australia
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.
Adani Group’s renewable energy arm is seeking to raise external equity capital after having pumped in millions of dollars of its own money to build a pipeline of projects worth over 2 gigawatts (GW), two people aware of the development said.
Indian conglomerate Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020-21, its Chairman Gautam Adani has said.