26.10 (1.17%) Adani Enterprises’ wholly-owned subsidiary -- Adani Mining Pty -- is in advanced talks with power firms and coal traders in different countries for selling coal from its mines in Australia. The company has also signed certain letters of intent with these power utilities and coal traders as part of discussions to sell the fuel.
Moreover, the countries like China and Korea have evinced interest for buying coal from Adani’s Carmichael mines in Australia.
Adani Group is implementing coal mining projects with total annual coal production capacity of around 110 MTPA (million tonnes per annum). The company plans to achieve a mining capacity of 200 MTPA of coal by 2020.