Gujarat based Adani Enterprises has incubated Adani Digital Labs. The super app will be developed by Adani Digital Labs over the next few months
Gautam Adani’s nephew Sagar Adani and son Jeet Adani will spearhead the digital division
Gautam Adani stated that Adani Digital Labs must be the “Ferrari of the digital world.”
As the battle between Tata and Reliance heats up, Gujarat based Adani Group has entered the race to create a super app. Gautam Adani addressed employees at Adani Digital Labs (a recently incubated division of Adani Enterprises), and stated that the company should be the “Ferrari” of the digital world.
Gujarat: Adani stated that the idea of creating a super-app took shape when Adani was presented by two members of his business team with a mockup. Adani said, “Seeing the demo unfold, I decided that we must be a player in these space.” This group includes over 400 million consumers who engage with Adani forums or services, including Adani Wilmar and Adani total gas and Adani electricity. It was obvious that an integrated digital platform-based approach was needed to harness the “unprecedented potential” in this space, he said.
On April 1, 2021, Nitin Sethi was appointed the first employee of the newly created Digital Labs. He will be the chief digital officer. Digital Labs has been hiring continuously since then, with 78 people in total. Adani stated that he was impressed by the work of Digital Labs. He also said that “Ferrari”, the company, is moving into space. Adani Group will continue to serve the millennials for the next 20 years, he said. They will have greater purchasing power and be more willing to spend.
Traditional super apps combine messaging, messaging, gaming, travel, and communication all in one unified app. Mobile is the future for almost all services we use and the smartphone prices dropping dramatically, I believe that every B2C business will be mobile-driven. Adani slammed its rival, stating that many of the top app developers are creating apps they don’t like. He added that “Paytm does not remind us to shop or WhatsApp does NOT remind us to pay.”
Adani super app, he said, should have a positive impact on all classes, including farmers, shopkeepers, and students. Digital Labs will be headed by Gautam Adani’s nephew Sagar and Jeet Adani’s younger brother. Gujarat based Adani’s entry in the super app market has seen a rise in the competition to create an influential and user-friendly app. Tata Digital, Tata’s digital arm, has been on a rampage to acquire majority stakes of startups. However Mukesh Ambani’s Reliance continues to make every effort to add portfolio companies to its super app offering.
Tata Digital bought a majority stake on egroccery platform BigBasket and epharmacy portal 1Mg. However, its latest investment in Mukesh Bansal’s Curefit has shown that it will provide a healthy lifestyle for consumers. To strengthen its digital ecosystem, Justdial, on the other hand, purchased a controlling stake of Justdial for INR 3,497 cr, Netmeds and Urban Ladder. Vijay Shekhar Sharma, who is leading Paytm, will also be entering the fray to compete for INR 16,600 crore in IPO.
Reliance Industries Ltd.’s gains led to India’s top stock indexes climbing to new heights. The NSE Nifty 50 Index climbed by a similar magnitude to close at a record high of 16,931.05. The S&P BSE Sensex climbed 1.4% to 56.889.76 in Mumbai. While the NSE Nifty 50 Index grew by a similar amount to close at a new record high of 16,931.05. Reliance was the biggest contributor to both measures’ gains, rising 1.9%.
According to an Economic Times report, here are the stocks you should be watching in trade today Gujarat: Adani Power Ltd. and Tata Power Co. will sell power on exchange for a month. The Ministry of Power will issue an order that allows plants operated by Tata Power Co., and Adani Power Ltd. at Mundra, Gujarat, to sell electricity on the energy exchanges for one month. According to the report, the Tata Power’s Mundra power plant has a capacity of 3,200 MW and Power’s 1,200-MW plant are allowed to sell electricity on the power exchanges for one month. This is to increase the supply of electricity. Jindal Steel & Power Board approves plan to raise $1 billion through the sale of bonds in rupee or foreign currency in one or more tranches. Bharat Forge: Report on Tesla talks incorrect.
HFCL: Board of Directors to meet on September 3 to consider the proposals for raising funds by way of issue of equity shares/preference shares/bonds/debentures/non-convertible debt instruments/warrants/any other securities, including through preferential issue on a private placement basis, QIP, rights issue or any other methods or combination thereof. NHPC: Unit 3 (60 MW), Bairasiul Power S.
Bank of India: The Bank of India approved the closing of QIP’s issue period on August 30, and the issue price of Rs. 62.89 per equity shares. The issue price is 4.99% lower than the floor price at Rs 66.19 for equity shares. AGMs: Bharti Airtel (3 p.m.); Sun Pharmaceutical Industries (3 p.m.); GAIL India (11:30 a.m.); DLF (12:30 p.m.); Apollo Hospitals Enterprise (10:15 a.m.), Exide Industries.
India’s largest port operator Adani Gujarat Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement between the Gujarat government and Adani Gujarat Ports and Special Economic Zone Ltd. (Gaj) to establish India’s largest multimodal logistics park.
The 1,450-acre park will be located near Sanand’s automobile hub at Virochan Nagar. It will attract investments of Rs 50,000 crore in logistics and transport.
In the presence of Chief Minister Vijay Rupani, an MoU was signed by MK Das, Additional Chief Secretary to the Chief Minister and Industries and Mines Department of Gujarat, and Karan Adani CEO, APSEZ.
“This park will be connected directly with the Dedicated Freight Coridor and all other major ports. Rupani stated that the park, which is in line with “Atmanirbhar Bharat”, will help Gujarati businesses be more globally competitive. He also said that it will provide indirect and direct employment for more than 25,000 people.
A dedicated air cargo complex will be built at the park with a runway of 4.6 km. It can handle large carriers such as planes.
Das stated that the park would also serve as a platform for the local import and export market. “A Rail Freight Terminal” will also be built. He said that this will be connected directly to the Delhi-Mumbai Industrial Corridor.
A warehouse area of 90 lakh square feet is available to house an Air Freight Station (capacity 4.5 tonnes), a grade-A warehouse, cold storage and other logistics infrastructure.
The shopping plaza/business center will have a retail footprint of more than 35,000 sq ft. There will also be a dedicated skill development centre to ensure skilled labor.
Construction will start within six months after obtaining all necessary statutory approvals. Project completion is expected to take three years by 2023.
According to a government statement, the park will offer textiles, bulk and e-commerce facilities in 38 million sq ft. It also has bonded warehouses in 95,000 sq ft. Grade-A palletised facilities are available in 4 lakh sq. ft. The park also offers temperature and palletized facilities in 60,000 sq. ft.
Four handling lines TEU (twenty foot equivalent units) will also be installed in the container yard with a capacity to handle 3.3 million tonnes.
The statement said that a car yard of 4 lakh tonnes to accommodate nearly 30,000 cars, an agri silo of 15,000 tonnes, a POL tank farm of 3.5 million kilolitres, and a cement silo will be built in the park.
Gautam Adani, who has had success in the ports and airport business, is now ready to venture into the cement industry. Adani Gujarat Enterprises, his flagship business, announced to stock exchanges that Adani Cement, a wholly owned subsidiary, has been established.
In its filing, Gujarat based Adani Enterprises informed that Adani Capital has a authorised share capital of Rs10 lakh and paid-up share capital of Rs5 lakh. It added that the new subsidiary now has 50,000 equity shares worth Rs10 each.
The company was registered with the Gujarat Registrar of Companies on June 11, 2021 and is currently in process of operating. It clarified that the company has not yet made any revenue.
Adani Enterprises stated Adani Cement would be a “manufacturer, producer and processor of all types” of cement.
The diversification attempt from Adani does not seem surprising given the spurt in his wealth. He has added $43 billion to his wealth in 2021 as a business magnate of 58 years. His port-to–power conglomerate already holds interests in sectors such as FMCG, airport management, and power transmission.
Adani’s gamble on cement might have been encouraged in part by central government’s push for capital expenditure to be revived, which is often directly proportional to the sector’s performance. If the pandemic ends, Gujarat based Adani’s entry to the cement market may be a sign of promising prospects for the industry.
This is likely to disrupt the India cement industry, which was preparing for a revival following its earlier troubles and hits from Covid.
Adani of Gujarat could take the best practices from his port and airports business. He holds substantial market share. This would require Adani in Gujarat to make aggressive acquisitions in order to grow his cements business.
It will be interesting to see how Adani can tap into the financial opportunities of his new subsidiary in the same way that he did with power transmission and gas arms. Both Adani Total Gas and Adani Transmission, along with Adani Enterprises have posted stellar performances on the stock market, adding heaps of wealth to the billionaire’s name.
Adani Green Energy announced Monday that Adani Wind Energy Kutch Three Limited in gujarat, (AWEKTL), has completed the commissioning of a 100-MW wind power plant at Kutch in Gujarat. The company now has a total of 497 MW of wind power generation capacity, thanks to the plant’s successful commissioning.
Adani Green Energy Limited (AGEL), stated that the commissioning took place five months earlier than expected. It also said that this was the fifth project the company has commissioned ahead of schedule in the past twelve months. The plant is covered by a Power Purchase Agreement (PPA), with Solar Energy Corporation of India at Rs 2.82/kwh.
AGEL currently has a total of 14,815MW of renewable capacity. This includes 11,470MW that have been granted and are in various stages of implementation. The company has increased its total renewable capacity by 800 MW in the past 12 months, despite the COVID-19 challenges.
The Adani Group’s of Gujarat “Intelligent Energie Network Operation Center” platform will manage the plant, just like all of its assets. This gives AGEL complete central visibility and allows it to manage its renewables assets across India.
AGEL, part of India’s Adani Group, is home to one of the most extensive global renewable portfolios, with over 14,815 MW under construction and awarded projects. These projects cater to investment-grade counterparties. AGEL was listed in 2018 and is currently valued at USD 25.03 trillion.
Gujarat based Adani Enterprises Limited Mahanadi Mines and Minerals Private Limited, a wholly owned subsidiary, was formed in Gujarat on May 25, 2021. This company will own, develop, and operate various mineral mines.
MMMPL has yet to start its business operations.
The company purchased 50,000 equity shares from MMMPL at Rs10 each, aggregating to Rs5 Lakh.
Adani Enterprises Ltd traded at Rs1,328.50 per unit, up Rs5.55 or 0.422% from the previous close of Rs1,322.95 on BSE.
Adani Road Transport Limited secured a letter of award (LoA) from NHAI for tolling, operation, and maintenance of Palanpur-Radhanpur-Samkhiyali section of NH-27 in Gujarat, India.
The shares of Gujarat based Adani Enterprises were trading higher by 2 per cent intraday on Friday after the Group announced that it has received an award for a toll-operate-transfer (TOT) road project from National Highways Authority of India (NHAI).
Adani Road Transport Limited secured a letter of award (LoA) from NHAI for tolling, operation, and maintenance of Palanpur-Radhanpur-Samkhiyali section of NH-27 in Gujarat, India. The total length of the project is 53.60 km with a concession period of 20 years.
Adani Road Transport Ltd is a wholly-owned subsidiary of Adani Enterprises Limited in gujarat, incorporated to carry out the business of construction, operation & maintenance of roads, highways, and expressways. The company would continue to evaluate and bid for attractive opportunities in the transport sector, which generates value for the stakeholders.
With this project award, Gujarat based Adani Group will have a total of seven NHAI road projects under the hybrid annuity model (HAM) and toll-operate-transfer (TOT), in the states of Chhattisgarh, Telangana, Andhra Pradesh, Madhya Pradesh, Kerala, and Gujarat.
Gujarat based Gautam Adani is a master at surviving crises. More than 20 years ago, he was taken into captivity and was one of the hostages at Mumbai’s Taj Mahal Palace Hotel during the terror attacks in 2008 that claimed the lives of more than 160 people.
His business acumen and ability overcome obstacles have propelled Adani to the top of India’s wealthiest. While the country was plunged into a severe recession by the coronavirus epidemic, Gujarat based Adani’s company has continued to grow. His conglomerate secured international partners and investments, as well as new opportunities.
His shares have risen in most of his companies, including his ports, mining, and gas units. Adani Green Energy Ltd. Of Gujarat saw its share price increase more than sixfold in the past year after it secured a record $6Billion solar-power deal. This is another step towards Adani Green Energy Ltd.’s goal to become the largest renewable-energy producer by 2025.
“The market is having FOMO syndrome when it comes to Adani stocks,” said Sanjiv Bhasin, director at investment-management firm IIFL Securities Ltd. “Its businesses are aligned to the current central-government vision. This conglomerate has a smooth road ahead for at least five to six more years.
Adani, India’s richest person, is third only to Mukesh Ambani. He has also been featured in headlines for his partnership with Silicon Valley’s top names. According to Bloomberg Billionaires Index, Adani’s net worth has increased by $21.1 billion from stock market surges this year, more than Ambani’s gain.
Representatives from Adani Group declined to comment on this story.
Gujarat based Adani dropped out of college to try his luck in Mumbai’s early 1980s diamond industry. Adani returned to Gujarat, his native state, to manage his brother’s business in plastics. He then established 1988 Adani Enterprises Ltd. as the group’s most prominent commodities trader. He started operating the port of Mundra on the Arabian Sea coast a decade later. This was the beginning of India’s largest private sector port operator.
It has grown internationally and is now the largest non-state owned power producer in the country. The negative publicity surrounding his Carmichael thermal coal project is still a problem in Australia. He won approval for it last year, after a decade-long battle with regulators.
Adani, like other entrepreneurs, chose hot new industries where there was little competition and that the government was trying to develop. The 58-year old tycoon still cites “nation-building” as a key component of his strategy. This aligns with Prime Minister Narendra Modi’s vision.
The Gujarat High Court granted Adani Ports and Special Economic Zone Ltd. relief. This was because the Authorities had not taken any steps to adjudicate the Notice. Adani Ports in Gujarat and Special Economic Zone Ltd., the petitioner, is engaged, among other things, in the development, operation, and maintenance of the Port and Port-based infrastructure facilities. This includes multi product Special Economic Zone.
It imported certain second-hand equipment in 2004. It imported certain second-hand equipment in 2004. The Demand Notice, dated 2.8.2007, was issued. It demanded duty to the amount of Rs.25.03,414/- based on a bill of entries for imported second-hand equipment. The petitioner company is accused of having deducted the same duty under DFCE certificate in accordance with Notification dated 1.4.2003, despite the fact that they received Notification No.27/2002.
The Revenue has stated in the Demand Notice that the petitioner company imported capital goods on a re-export basis. They were subject to concessional duty under Notification No.27/2002. According to the Notification dated 1.4.3.2003, the goods cannot be transferred or sold. The petitioner is alleged to have violated the provisions of DFSECC Scheme exemption under Notification No.54/2003.
Gujarat: Adani Transmission Ltd has received two Letters of Intent (LoI) to augment the country’s transmission network in the face of surging renewable additions.
PFC Consulting Limited has issued the first LoI. PFC Consulting Limited issued the first LoI. The transmission project will be built, own, operate and maintain in Rajasthan. Bikaner-Khetri Transmission will include approximately 480 km of a 765kV line that combines a transmission system. This project is being built to support transmission system for long-term applications from Rajasthan Solar Zone Part-D.
Gujarat based Adani Transmission has completed this project and estimates that its cumulative transmission network will consist of approximately 13,943 km of transmission line and a 23,280 MVA conversion capacity.
Around 11,347 circuit kilometers, and 18,330 MVA are operational. This includes the Mumbai-based benchmark distribution network that serves Mumbai consumers. The company plans to build 20,000 kilometers of transmission lines in 2022, and is focusing on the development of supporting infrastructure for renewable electricity in the country.
Gautam Adani built an infrastructure empire worth Rs 47,000 crore in Gujarat within 15 years. This period coincides with Narendra Modi’s state stewardship. Parallels can be drawn with Dhirubhai, the late Ambani.
It was Narendra Modi’s moment of reckoning. Gautam Adani made it matter.The chief minister sought approval from the business community in September 2003, just one year after Gujarat was devastated by communal riots.The ‘Vibrant Gujarat summit’ was created, an investment conference that Modi has used to make a biennial political statement.
It was only a tentative idea at the time, born out of a divided state and seeking validation.The country’s largest industry group, the Confederation of Indian Industry was critical of Modi and said it would be difficult for the state to attract investments.A senior official from the CII’s State Chapter said that Modi needed to prove them wrong. He did not want to be identified.”Companies were being invited to announce large investments in state.Everyone expected Reliance and the Ruias to announce large investments, but Adani surprised everyone with an announcement of a Rs 15,000 crore investment.
Gujarat based Adani was able to make another Modi moment count a decade later.The Adani Group was the main sponsor of the event, but they didn’t give a reason when Wharton India Economic Forum organizers in the US pulled Modi’s invitation to speak via live video.
Every reference to Gautam Adani’s vast business empire is often accompanied by his alleged closeness to Narendra Modi (the man who could become prime minister in 2014),For example, Tuesday saw Adani’s company get a Rs 200 crore fine by the Central ministry of environment for violating environmental laws. Most news media reported the incident.
Both have many similarities.Both are rooted in Gujarat.Both have excelled in their respective fields over the past decade.Both have left a lasting impression at the state level, and both are eager to leave a mark on the national scene.This is the ‘now.
There’s also a “then”.The rapid rise in Gautam Adani’s turnover, which rose from Rs 3.300 crore in 2000, to Rs 47,000 crore by 2013, has led to parallels with Dhirubhai Amani, a Gujarati who redefined entrepreneurship within a semi-open, government-controlled economy.Dwijendra Tripathi (retired professor of business history at IIM Ahmedabad) says that Adani can only be compared to Reliance. A senior official from an infrastructure advisory firm said that Adani is also known as the “other Big A”.Gautam Adani was not able to answer a detailed ET questionnaire that he sent on July 22.
Adani, like Ambani is a school dropout who became an entrepreneur in his first generation.Adani, like Ambani, started out in the import-export industry before moving to something more industrial.Adani, like Ambani, started in the import-export business and then integrated backwards and forwards around it.Gujarat based Adani, like Ambani is a scale-oriented person who excels at execution.Adani, like Ambani has deep government connections and is able to navigate the political economy with ease and purpose, drawing criticisms as well.
Gujarat: Adani has created one of the largest infrastructure companies in India post-liberalization. This was achieved in just 25 years. Gujarat based Adani Enterprises is India’s largest importer of coal, largest private port operator, and largest producer of thermal power.
Adani relied on debt to finance capital spending, even though Ambani fostered and fed the equity cult and tempered it with smarts.Brokerage Credit Suisse ranks Adani Group fourth in India’s most burdened businesses.Adani’s story is also about a small group of companies that emerged out of nowhere and have become the dominant force in India’s drive for infrastructure development.”Their rise coincides with a period when politicians’ spending in elections is rising,” says Michael Walton (a Harvard lecturer in Government), who is currently studying the simultaneous rise of infrastructure firms and systemic corruption within Andhra Pradesh.
Adani, whose Gujarat business roots are well-established with Modi at its helm, is an important fixture in the political economy calculus.Adani is also keen to escape the shadow of debt and keep his Rs 47,000 crore infrastructure empire intact.
Gandhidham was the place that Adani rose to prominence.It is a six-hour drive away from Ahmedabad and serves Kandla. This was India’s largest port until three months ago before Adani’s adjacent port, Mundra, took over.His elder brother, Adani, called Adani from Mumbai in 1981 to assist him with a new plastic-film manufacturing company.The business was in trouble.It required 20 tonnes of PVC per month. However, IPCL, India’s sole producer at the time, could not supply more than two tonnes.
Adani saw a chance and began to import plastic granules into Kandla in 1988.An agent who used Adani’s shipments to get customs clearance said that it was a period with “a lot fluctuation in granule price.”He said that Adani was different because traders would abandon their commitments when prices rose.”People trusted him.He was soft-spoken and kept his word.” The agent declined to be identified in this story.
Adani also collected LoAs (letters d’autorisation) from small plastic manufacturers and ordered in bulk.Adani also partnered with the Gujarat State Export Corporation (a state PSU that supplies inputs to small businesses).Adani would consolidate the requests and place an order under GSEC’s name,” says Virendra Subtaria, a former employee at GSEC who was close to him at that time.GSEC was a government entity and therefore did not require LoAs.Adani’s business grew at an incredible rate.According to the agent, Adani’s orders increased from 100 MTs (metric tons) to a total of 40,000 MT shiploads between 1988 and 1992.He started to import chemicals and petroleum products.He began to export and was a well-known trading house, which helped reduce the need for bank guarantee.The young entrepreneur was noticed by politicians as well in the early 1990s.Ahmedabad-based sociologist, who spoke on the topic t.
Ahmedabad-based sociologist, who spoke under anonymity, said that Adani was close to politicians such as the late Chimanbhai and Keshubhai Ptel in the early-nineties.
Gujarat: Adani made the decision to go beyond trading in 1997-98 and invest in infrastructure such as ports and power plants. Mundra port was Adani’s first project. It was built on land that had been given to him by the Chimanbhai Patel government from 1991-92.The Kutch land of 3,000 acres was given to Adani and Cargill for salt production.After George Fernandes’ protests, Cargill pulled out of the plan.
Adani did not leave.He was tired of the delays at Kandla and Mumbai ports where the group was losing Rs 8-10 crore per year, so he started to think about converting Mundra to a private captive port.
Liberalisation had started.Gujarat opened more ports to capitalize, according to PN Roy Chowdhury (an ex-head of the Gujarat Maritime Board) who now works as an advisor for Adani Gujarat Enterprises in environmental management.He says that the government decided to open ports to private companies as a joint venture to accelerate the process.Mundra was one of the 10 ports that were initially compiled.It was 14 metres deeper than Kandla (12 metres), which made it possible for large ships of over 200,000 MT (metric tons) to berth.In 1998, Mundra was the first port to be docked.
Here are the parallels to Ambani.Tripathi says that Dhirubhai worked in Aden (Yemen) in 1958.He then entered the importexport industry.Inaugurated a (textile mill).That was his nucleus for future expansion. It took him to power, petrochemicals, and gas.Utkarsh Shah (a friend for 30 years, and CMD at Adicorp Enterprises in Ahmedabad), said that Mundra was his heart and soul.”When he was little, this is where it all began.”
He ventured into coal trade in 1999 with the mineral landing at Mundra.The port was also home to the special economic zone (SEZ), which was established next door in 2003-04. Here, companies could set up shop and ship via Mundra.Adani began to explore thermal power generation with the help of industrial and coal customers in the SEZ.
The plant’s total capacity is 4620 MW. It consists of 4 subcritical units each of 330 MW and 5 supercritical units each of 660MW.
Gujarat based Adani Power proposed to expand the plant by three times 1,000 MW. The proposal was rejected by the union ministry’s expert advisory committee (EAC), in May 2016. It was located very close to an ecologically sensitive creek and estuary system, as well as a reserve forest, mangrove forest and nine villages that have schools and hospitals ‘close to’ the proposed site. Adani was suggested by the EAC to locate another site for expansion.
Adani Power Mundra likely to seek bankruptcy protection
Adani claims that the company is unable to pay its power purchase agreement (PPA), for the plant due to rising coal prices. Adani Power of Gujarat attempted to sell a 51 percent stake in the plant, to Gujarat Urja Vikas Nigam(GUVNL), which is a state-owned utility that has power purchase contracts for 2000 MW. The sale was stopped by lenders to the Mundra plant. Adani Power Mundra stated that it will likely seek bankruptcy protection if the Mundra plant is not sold to GUVNL. In the first quarter 2018, the plant was operating at a mere 37% plant load factor and cannot service its debts. Adani Mining claimed that the plant was dependent on its Carmichael coal mining operation in Australia.
Adani suggested that Gujarat renegotiate its agreement in order to allow Adani power sales at a higher price because the price of Indonesian coke, which Adani used as a raw materials, had risen. In 2013, Adani Enterprises was found to have 74% of the shares in the Indonesian coal import company. This meant that the company was making a profit from high coal prices.
Avoid bankruptcy by passing the costs to power users
Adani’s request to have a new power price argument rejected by the Supreme Court in April 2017. In December 2018, however, Adani was granted permission by the Gujarat government to sell power at higher prices, to Gujarat Urja Vikas Nigam (the state electricity distribution company), which then allowed Adani to increase the tariffs for consumers. According to Scroll.in the Gujarat government order effectively freed the Mundra power plant from possible insolvency proceedings.
Unit 5 of Phase III of the Mundra project was the first plant in India to use supercritical technology, which provides greater efficiency through higher boiler pressures and temperatures. The Clean Development Mechanism (CDM), certification of Phase III of the Mundra Project was granted under the United Nations Framework Convention on Climate Change. This makes it the first supercritical plant in India to use the a href=”https://www.gem.wiki/Supercritical” title=”Supercritical”>supercritical technology. This technology provides greater efficiency through higher boiler pressures and temperatures. According to the Stockholm Environmental Institute, CDM credits can only be used to promote more efficient power technologies if they are not being developed. Although the transition from subcritical to supercritical technology is not complete, it is being made. ”
Adani and the Great Barrier Reef are not to be trusted
Imported coal has met 70% of Mundra’s requirements since 2011.
Adani has proposed the Carmichael Coal Project in Australia to export coal to plants in India. It would be a combination open-cut and underground coal mine, with a rail link of 189 km to transport the coal from Abbot Point to the Galilee Basin. This is near the Great Barrier Reef.
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