Adani Enterprises Ltd.

Adani Enterprises has reportedly decided to pay $145 million to Linc Energy to acquire the Australian firm’s rights to future royalties from Adani’s huge but delayed Carmichael coal project, already four years behind schedule.

The deal comes amid growing questions on whether Adani will eventually go ahead with a project to build what would become Australia’s biggest coal mine, amid opposition from green groups and a slump in coal prices to five-year lows. Moreover, a final decision to go ahead with the project, in Northeastern Australia, would mean spending Australian-$16.5 billion to dig the mine, build a rail line and a port.

Adani Enterprises, the flagship company of the Adani Group, is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.