Search Result for : Adani

PTI   An Australian government-owned fund manager company has expressed interest to invest in "infrastructure pieces" of Indian energy giant Adani's $21 billion controversial coal mine project in Queensland.   Chief executive of QIC Damien Frawley said the company, whose major clients include defined benefit superannuation scheme for Queensland public servants, was keen to explore infrastructure opportunities around the state.   Even though the company has not been approached for investment in the Adani's Carmichael coal mine project, QIC has said it would not be interested in the mine itself.   "But the infrastructure pieces of Adani would be interesting for us to explore. If it fitted within the return rates we are seeking," Frawley was qouted as saying by 'The Courier Mail' here.   The indicated area of investment ...

The Dollar Business Bureau GMR Infrastructure signed agreements with Adani Transmission to transfer its stake in two transmission projects in Rajasthan. According to the agreement, GMR will offload its stakes in Maru Transmission Services and Aravali Transmission Services and sell it to the Adani Group Company. GMR Infrastructure subsidiary will transfer 74% stake in Maru Transmission Services and 49% stake in Aravali Transmission Services to Adani Transmission with an option to continue with holding 26% stake in Maru Transmission Services and 51% in Aravali Transmission Services. However, the consummation of transaction is subject to applicable approvals. GMR Infrastructure in its press release claimed, “The equity consideration ascribed for the transaction involving both the projects is Rs 100 crore. The total value realisable for ...

Indian Finance Minister Arun Jaitley will be signing a bilateral trade agreement of Adani group’s $16 billion Carmichael coal project in Australia The Dollar Business Bureau  Arun Jaitley to meet Australia’s Finance Minister Mathias Cormann, to boost Adani’s $16 billion coal project India-based multinational conglomerate company, Adani group’s $16 billion Carmichael coal project will be given prominence by Indian Finance Minister Arun Jaitley’s visit to Australia. The decision related to the coal project as well as port and railway line will be decided during his visit to the country from 28th March to 2nd April. On 31st March, Jaitley will have a bilateral meeting with Australian Finance Minister Mathias Cormann along with his colleagues. And he will meet with two Australian leaders who ...

Indias Adani Enterprises Ltd has been given thego ahead for thecoal mines project in Australia which is worth $21.7 billion The Dollar Business Bureau Adani is planning to build worlds largest coal mines worth $21.7 in Australia   Indias Adani Enterprises Ltd. has been given the green signalto go ahead with its coal project worth $21.7 billion in Australia. Queensland signed a bilateral trade agreement on Monday and said a company should be granted all state governments approval to build one of the worlds largest coal mines in Australia. According to Anthony Lynham, State Mining Minister, this project can create manyjobs as Adani expects that it will generate $22 billion in state taxes and royalties. Last month, Adani was granted a formal environment authority for ...

Source: PTI The Abbot Point port involves dredging 1.1 million cubic metres of spoil near the Great Barrier Reef Marine Park, which will then be disposed off on land.   Australia on Tuesday approved a controversial coal port expansion to support projects, like Indian mining giant Adani's $6.5 billion Carmichael mine in Central Queensland, despite opposition from green groups which claim it will impact the fragile Great Barrier Reef. The Abbot Point port involves dredging 1.1 million cubic metres of spoil near the Great Barrier Reef Marine Park, which will then be disposed off on land. The approval lists a number of strict conditions that the project must fulfil before going ahead, including how and where the sediment can be moved. The ...

Source: PTI Indian mining giant Adani's $16.5-billion controversy-hit coal mine project in Australia on Monday faced a fresh legal challenge from an environmental group which sought quashing of a new government approval on grounds that it would harm the fragile Great Barrier Reef and add to climate change. The mega project located in Queensland's Galilee Basin was last month granted re-approval by EnvironmentMinister Greg Hunt. The mine, which would be the biggest in Australia, was approved subject to 36 strict conditions after a court action sidelined the project earlier this year because of its impact on the ornamental snake and yakka skink, a vulnerable species that hides under rocks. The Australian Conservation Foundation said Environment Minister Hunt failed to consider whether ...

Source: PTI Indian mining giant Adani's plan to build one of the world's largest coal mines got a new lease of life on Thursday after the Australian government gave its re-approval to the 16.5 billion controversy-hit project but with “strictest conditions” amid environmental concerns. Over two months after an Australian court revoked the environmental approval for the project, Environment Minister Greg Hunt signed the papers, giving Adani the re-approval with conditions imposed that take into account community issues and would ensure that the company meets the highest environmental standards. The federal court in August had revoked the original approval due to a bureaucratic bungle over two vulnerable species – the yakka skink and the ornamental snake. Stating that Adani's Carmichael Mine and ...

Source: PTI India has conveyed its disappointment to Australia over the derailing of mining giant Adani's controversial $16.5 billion project in Queensland on issues relating to environment. Indian High Commissioner Navdeep Suri on Tuesday said the matter was discussed with Australian Trade Minister Andrew Robb during a trade and investment meeting held recently. “We did speak about the Adani Carmichael project in Queensland and I shared our disappointment over recent developments,” Suri said. Stating that Australian Prime Minister Tony Abbott was also in favour of the Indian mining giant's Australian project, Suri said, “we hope that the outstanding issues can be resolved speedily and to mutual satisfaction.” On a query if the Adani's project issue could dent bilateral relations, Suri stressed the ...