Tuesday, October 19, 2010

Financial Times Reports Adani Group Investment

Adani Enterprises will invest USD 6.9 billion in developing its recently
acquired Australian coal mines, the company said today.
"Adani ... is committed to invest USD 6.9 billion (about Rs 30,500 crore) in
Australia for developing mine, rail and port project in its Galilee Basin
coal mine in Queensland, Australia to produce up to 60 million tonnes of
coal a year at its peak," it said in a statement.
The acquisition is one of the largest coal mine deals by an Indian group.
The company in August bought the coal mine for about Rs 12,600 crore in a
cash and royalty deal.
Vivek Rao
Mob: +61-437-597-579
Tel: +61-2-9882-6947
Fax: +61-2-8079-6889
ABN 99 127 152 363
19 Willis Road Castle Cove NSW 2069 Australia

No comments: