Tag: Adani Group

adminMay 25, 2021
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4min00
Sydney : Embattled Indian miner Adani Group has parted ways with mining services giant Downer and said it will build and run the Carmichael coal mine, Australia’s biggest coal venture in central Queensland’s Galilee Basin, on its own, a media report said. Adani in a statement on Monday revealed that both parties had cancelled a […]

adminMay 25, 2021
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6min00
Canberra : An investigation by the Australian Broadcasting Corporation (ABC) has alleged that the Adani Group’s Australian operations have “previously unknown tax haven ties in the British Virgin Islands”. ABC’s ‘Four Corners’ programme has uncovered the British Virgin Islands links of Gautam Adani’s Australian ventures. The Adani Group has promised a $22 billion windfall in […]

adminMay 25, 2021
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4min00
New Delhi : The Adani Group’s entire A$3.5 billion (Rs 178 billion) debt-funded ‘investment’ in Australia is gravely at risk, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Monday. In a new report it details how Adani’s Abbot Point Coal Terminal has excessive financial leverage, negative shareholders equity and runs the […]


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