Gautam Adani-led 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, Australia's resources minister said, reports Reuters.
Financing from the A$5 billion Northern Australian Infrastructure Facility (NAIF) would offer a boost to Adani after some major banks said they would not participate in the controversial coal project.
Tag: Gautam Adani
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Adani Enterprises wants to tap Australian fund for coal mine railway
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Adani to invest Rs 49,000 cr to extend capacity of Gujarat ports
Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.
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Adani Group to invest in mining, ports sectors
The Adani Group, which is setting up the world´s largest solar park in Ramanathapuram district, has expressed its willingness to invest in mining, ports and thermal power sectors in Tamil Nadu.
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Adani Ports Q3 net profit jumps 26% to Rs.645 cr
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 26 per cent jump in its consolidated net profit to Rs.644.96 core for the quarter ended December 2015.
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Business Acumen
Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and Special Economic Zone (APSEZ) with effect from January 1, 2016.
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Adani Ports to raise Rs.10,000 crore
Adani Ports and Special Economic Zone Ltd (APSEZ), which is looking to expand its ports business, plans to raise up to Rs 10,000 crore
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Adani plans Rs.20k cr clean energy park in Mundra
Adani Group plans to set up an Integrated Renewable Energy Park at Mundra in Kutch district, close to its port and SEZ. The park, if it comes into existence, would be the first of its kind and will need an investment of Rs 20,000 crore.
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Adani to invest Rs.20,000 crore in Gujarat ports
Adani Group has announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 mt per annum by 2020. The investment is on the top of Rs 25,000-crore spending the group had announced on the first day of the Vibrant Gujarat Summit.
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Adani plans 5,000 MW power plants
Gautam Adani plans to acquire power plants with a total capacity of 5,000 MW. The Group is in talks with several power sector players, including GMR, Lanco, Indiabulls, Avantha Power and Athena
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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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