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Adani Enterprises to start construction of $7 billion coal mine in Australia in 2017: Report

27 Oct 2016 Evaluate

Adani Enterprises is reportedly preparing to begin construction of a $7 billion coal mine in Australia in 2017 despite years of legal delays and rollercoaster coal prices. Progress on the giant project comes as Australia looks to potentially curb legal challenges to new mining developments following an onslaught of environmental suits aimed at delaying the Adani mine and others proposed in the remote Galilee Basin in the country’s northeast.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

 

Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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