Adani to go ahead with $16.5-b coal mine project in Australia

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Gautam Adani-led Adani EnterprisesBSE 2.58 % announced its plans to go ahead with the troubled $16.5-billion Carmichael coal mine project in Australia

In a statement titled `Adani Project Gets Green Light’, the company informed the bourses that it will start work on the project after the board of directors approved a final investment decision.

“I am proud to announce the official start of one of the largest single infrastructure and job creating developments in Australia’s recent history,“ Gautam Adani said in the statement.

“We have been challenged by activists in the court, in inner city streets, and even outside banks that have not even been approached to finance the project.We are still facing activists. But we are committed to this project,“ Adani said.

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