Adani Group has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a A$7 billion ($6.2 billion) mine, rail and port project.
Tag: Adani group
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Racks of investment
At present, India is not yet ready with the concept of third party involvement for building up rail infrastructure for coal linkages. Now with the positivity which the present government has got along, investors are optimistic about fast-track solutions for coal linkage issues.
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APSEZ closer to Dhamra deal
The Adani Group is a step closer to acquiring Odisha´s Dhamra port, which secured the environmental clearance from the government.
As its management consultant, the Adani Port and Special Economic Zone (APSEZ) already looks after the operations of the port, which is a 50:50 joint venture between L and T and Tata Steel. APSEZ´s Rs 5,000-crore deal is likely to be completed by early next month.
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HC rejects PILs filed against road construction in Mundra
Two public interest litigations (PILs) filed in the Gujarat High Court challenging the construction of a road connecting Adani GroupÂ’s Mundra Port in Kutch district to the National Highway-8A were recently rejected by the court. The villagers of Mundra taluk had challenged the construction of a 9-km-long road.
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APSEZ completes Rs 400 cr coal import terminal at Vizag port
The Rs 400 crore steam coal import terminal at Visakhapatnam port has been completed by Adani Ports and Special Economic Zone (APSEZ). APSEZ is IndiaÂ’s largest port developer and part of Adani Group. The terminal project has been completed 8 months ahead of schedule.
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Adani to take up power transmission in Australia
Adani Group in Australia is now aiming to venture into power transmission business. Adani is into coal mining and port operations in Australia and now the Group's Australian arm Adani Mining Pty Ltd has proposed the State government of Queensland to invest $300 million for 250 km long transmission network in the central Galilee Basin where it is promoting coal mining and other infrastructure projects.
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Adani’s Australian port firm to raise $1.2 bn to cut debt
To reduce its debt burden, Adani Abbot Point Terminal Pty Ltd, which owns a coal terminal in Australia, is planning to raise $1.2 billion through multiple debt instruments to refinance the port companyÂ’s borrowings. The port company, owned by Adani Group, has a debt of nearly $2 billion.
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Adani told to set up Rs 200 cr green restoration fund
Acting on a recommendation of a committee of environmentalists, the Union Environment Ministry has asked Adani group to create a green restoration fund of Rs 200 crore for repairing the environmental damage done to Mundra in Gujarat. Adani's port and SEZ projects are coming up in Mundra.
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Adani pins hopes on dollar revenues from Indian ports
Ahmedabad-based Adani Group is alarmed with the falling value of rupee and now pinning its hopes on dollar revenues from its port trade. Gautam Adani, Chairman of Adani Group said that the port trade of the company has income streams, which are US dollar-denominated.
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APSEZ plans to set up shipbreaking yard at Mundra
Within the special economic zone (SEZ) limit of Mundra Port, Adani Ports and Special Economic Zone (APSEZ) proposes to set up a ship-breaking yard in about 40 hectare land. The Adani Group firm reportedly plans to set up the yard close to a boundary of the existing Mundra West Port in the next one or two years with an initial target of dismantling and recycling 40 ships every year