|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||188.55 - 201.00|
|52 Week Range||77.00 - 207.50|
|PE Ratio (TTM)||27.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Indian conglomerate Adani Enterprises said on Tuesday it would "adjust" to any constraints placed on its A$16.5 billion ($12.4 billion) coal mine project in Australia after seeing a government loan vetoed by the Queensland state premier. Adani planned to use the A$900 million loan from the federal government to help build a 400 km (250 mile) rail line to connect its proposed Carmichael coal mine with a Pacific Ocean port in Queensland. The state's premier, Annastacia Palaszczuk, said she would make good on an election promise to veto the loan to Adani immediately after being formally sworn in on Tuesday for a second term.
India's environmental authorities are likely to cancel a plan by a state steel company to dig for more iron ore from a massive reserve located in a lush green forest roamed by elephants, sources said, as the government aims to halt mining in the area. Steel Authority of India Ltd (SAIL) was banking on the mine in the country's east to supply a big chunk of its raw material needs for a multi-billion-dollar expansion of its steel production capacity. SAIL produces only around 800,000 tonnes a year from a section of the Chiria mine but was targeting to raise that to 7 million tonnes in the next few years, to lift its steel capacity nearly four times to 50 million tonnes by 2030/31.
The Indian conglomerate Adani Enterprises Ltd. is learning how one financing problem can lead to headaches for debt investors elsewhere as it tries to secure money for one of the world’s biggest coal mines....
China's two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises' long delayed project. Industrial and Commercial Bank of China (ICBC) and China Construction Bank said in separate statements they were not working on the project, after media recently reported that Chinese banks may get involved. Adani is seeking A$2 billion ($1.5 billion) in financing by March 2018 for the A$4 billion first stage of its proposed Carmichael coal mine in the state of Queensland, a project that has been shrunk from a A$16.5 billion plan to make it more viable.
Indian conglomerate Adani Enterprises (ADEL.NS) is in talks with China Machinery Engineering Corp (CMEC) (1829.HK) for the financing of a controversial coal mine project in Australia, two sources with knowledge of the situation said on Thursday. Adani is seeking A$2 billion ($1.54 billion) in outside financing for its proposed A$4 billion Carmichael coal mine in the state of Queensland. CMEC is an engineering contractor that is majority-owned by Chinese state-owned enterprise (SOE) China National Machinery Industry Corp Ltd, or Sinomach.
Large protests were held across Australia on Saturday against Indian mining giant Adani Enterprises' proposed Carmichael coal mine, which would be the country's largest coal mine but has been delayed for years over environmental and financing issues. On the sands of Sydney's Bondi Beach more than 1,000 people formed a human sign saying '#STOP ADANI', said organiser Blair Palese from activist group 350.
India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in north-east Australia has been delayed for years as opposition from environmental groups led banks to steer clear of funding what would be the biggest coal mine in the country. "By the end of this financial year, all things will be in place," Jeyakumar Janakaraj, chief executive officer of Adani Australia, a unit of Adani Enterprises, said in a phone interview, referring to the current fiscal year ending in March.
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Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, its chief executive said on Friday, pitting it against Lockheed Martin in a race to equip India's air force with new jets. Saab is offering its Gripen fighter and U.S. defence contractor Lockheed its F-16 to supply hundreds of aircraft that India's air force says it needs to replace its Soviet-era fleet.
Sweden's Saab is tying up with India's Adani Group to bid for defence deals in India, with a focus on its Gripen fighter jet aircraft, its chief executive Hakan Buskhe told reporters in New Delhi on Friday. ...
Sweden's Saab will tie up with India's Adani Group to bid for a contract to make fighter aircraft in India, an aerospace consultant aware of the proposed partnership told Reuters on Thursday. The partnership will compete with U.S. defence giant Lockheed Martin in a two horse-race to equip the Indian military with single-engine jets to be produced locally under Prime Minister Narendra Modi's "Make-in-India" initiative.
India on Saturday finalised a policy that would allow local private companies to work with foreign players to make high-tech defence equipment, in a boost to Prime Minister Narendra Modi's bid to cut reliance on imports. The policy, whose finer details are still to be formalised, will initially allow the entry of private companies into the manufacture of submarines, fighter aircrafts and armoured vehicles through foreign partnerships, a statement issued by the Defence Ministry said. Industry experts have said that delays in finalising procurement policies have undermined India's efforts to get local, largely inexperienced, companies to tie up with foreign manufacturers, a necessary step if domestic firms are to utilise the latest technology.