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Adani Enterprises gives investment nod for Carmichael projects

06 Jun 2017 Evaluate

Adani Enterprises has given final investment approval for its controversial $4 billion Carmichael mine and rail project in Central Queensland. The Carmichael projects will generate 10,000 direct and indirect jobs, with pre-construction works starting in the September Quarter 2017.

Queensland Premier, Annastacia Palaszczuk, officially opened Adani’s Regional Headquarters (RHQ) in Townsville from where the company will oversee the construction and operations of the project. The RHQ will also accommodate Adani’s Remote Operations Centre, the first time that such a centre has been deployed in an Australian regional city.

The company had already invested $3.3 billion in the project including buying the bulk coal handling port at port of Abbot Point. Besides, it has signed contracts for design, construction, operations, supply of materials and professional services. The biggest - worth $2.6 billion - is with Downer Mining for the construction and operation of the Carmichael mine.


Adani Enterprises Share Price

2218.35 13.35 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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