Adani cancels $2.6 bn contract with Australian mining giant
The Queensland govt last week vetoed a plan to give a $900-mn concessional loan for the construction of a rail line for the Carmichael coal project19-12-2017
19-12-2017
Press Release / Media Release
Media Release on the subject 'Adani will develop and operate the mine on an Owner Operator basis'.18-12-2017
Clarification sought from Adani Enterprises Ltd
The Exchange has sought clarification from Adani Enterprises Ltd with respect to news article appearing on moneycontrol on December 18, 2017 titled "Adani cancels 2.6 bn dollar contract with Australian mining giant".The reply is awaited.18-12-2017
Another setback for Adani in the Carmichael mine project
Adani's controversial Carmichael mining project, already beset by protests and criticisms, is now seeing funding trouble. The Adani Group cancelled a Aus$ 2 bn contract with a mining services firm, due to its failure to raise funds. The Queensland government has already vetoed a Aus$ 900 million loan to Adani, and the Group had then looked to China for funding. Chinese investors however, have also failed to come through on loans, placing a question mark on the project. The Adani Group insists that it is still focused on seeing the Aus$16.5 billion project through, and the Adani board had approved the project in June. But the public anger in Queensland against the mine has impacted political support in Australia for the project as well. The newly elected Queensland government came to power while making promises to veto the low cost loan to Adani, and after the new Premier implemented the veto she also tweeted a photo of her letter, saying that she had fulfilled a major poll promise she had made during the election campaign to put a stop to the loan.18-12-2017
Adani group to foray into highway construction sector
Experts feel the timing of the company to enter the road construction sector is opportune as the infrastructure sector is on a growth path16-12-2017
Adani Capital invests Rs100 crore in infrastructure firm BSCPL
Adani group's non-banking financial services arm has invested Rs100 crore in BSCPL Infrastructure, which is mainly engaged in road construction14-12-2017
Adani's Aussie project in trouble as Queensland Premier vetoes funding
The Adani Group's ambitious Australia coal mine project once again ran into rough weather. The opposition this time is from the Premier of Queensland who has used her veto power against funding the company's rail line project.The project has also attracted more ire from the green lobby, with it being listed as number five in the 'dirty dozen' list of global projects that put the goal of keeping global warming under control at risk. An email query sent to Adani Group remained unanswered. "As I committed during the election campaign, I have today written to the Prime Minister exercising Queensland's veto over any NAIF funding for the Adani rail line," said Annastacia Palaszczuk, premier of Queensland in a tweet on Tuesday. NAIF is Northern Australia Infrastructure Fund. Palaszczuk was re-elected as the premier of Queensland this month.In a press statement issued in March this year, Adani Group quoted Annastacia Palaszczuk, Premier of Queensland, Australia to have reaffirmed Queensland ..12-12-2017
Adani Enterprises can surprise
The country is pricing the entrepreneurial genius of Gautam Adani and his capacity to grow existing businesses10-12-2017
Change in Directorate
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.09-12-2017
Newspaper Publication
Newspaper Advertisement regarding Notices of the National Company Law Tribunal ('NCLT') Convened Meetings of the Company.09-12-2017