Adani gives final investment approval for coal mine project in Australia

June 06, 2017 09:18

Adani Group Chairman Gautam Adani today gave the final investment approval for the Indian conglomerate's controversy-hit 21.7 billion dollars coal mine project in Australia which had hit several roadblocks over environmental concerns.

"I am proud to announce the project has Final Investment Decision approval which marks the official start of one of the largest single Infrastructure -- and job creating -- developments in Australia's recent history," Adani said.

This is a historic day for Adani, a historic day for regional Queensland, and a historic day for the Indian investment in Australia, he said.

The announcement comes just days after the Adani Group agreed to pay royalties on coal produced from its project after it struck an agreement with the Queensland government to help the controversy-hit project move forward.

« Back to LIVE

TOP STORIES

Real Madrid book Champions League final date with Dortmund

This sets up Real Madrid final against Borussia Dortmund, who knocked out Paris Saint-Germain in the other semi-final.

Missing 'Tarak Mehta' actor Gurucharan Singh operated over 10 bank accounts

50-year-old Singh is believed to have been visiting his parents in Delhi and was expected to return to Mumbai. However, the actor has not been heard from since April 22.

Salman home firing: HC nod for 2nd PM of accused who died in police custody

The direction came on a petition filed by Anuj Kumar's mother Reeta Devi, who sought a fresh examination.

Salman home firing: Shooters unaware of target until ....., say police

The Mumbai police's crime branch, during the interrogation of the duo, found Pal and Gupta were given the shooting task by Anmol Bishnoi, the younger brother of jailed gangster Lawrence Bishnoi, but they had no idea they had to fire at...

Chaos at airports as Air India Express cancels 100 flights; 15K flyers hit

Discontent has been brewing among a section of the cabin crew at the low-cost carrier for some time now, especially after the start of the process of merger of AIX Connect, formerly AirAsia India, with itself.