"The project has Final Investment Decision approval, which marks the official start of one of the largest single infrastructure and job-creating developments in Australia's recent history," Adani Chairman Gautam Adani said in a statement.
"The Carmichael mine will produce two coal products: product one, a low ash and moderate energy product most suitable for Asian premium markets, and Product two, a high ash or lower energy product most suitable for non premium markets, in particular India," ABC news quoted an extract from a sworn evidence to the Land Court in Queensland.
The 21.7 billion dollar Carmichael coal mine project, one of the world's largest, to start construction this year after being given the green light by the federal and Queensland state governments.
Addressing the Valedictory Session of the Summit, Das said 210 MoUs worth more than 3.10 lakh crore were signed which would give employment to around three lakh people.
Adani Enterprises, the flagship firm of Adani Group, today reported a 62 percent in consolidated net profit to Rs 340 crore for the quarter ended December 31, 2016 on improved income.
Adani Transmission today posted around 33 per cent jump in its consolidated net profit at Rs 99.28 crore for the quarter ended on December 31, 2016.
The mine has now secured all major state and federal government approvals, said the Queensland state government, whose premier will meet with chairman and founder Gautam Adani in the northern city of Townsville on Tuesday.
"The states taxpayer money would not go towards funding of the project and in order to facilitate the project, the state government had worked through the approval processes and recently listed it as critical infrastructure," said Queensland Premier Annastacia Palaszczuk.
The increased investment will create 10,000 new jobs in the state, Adani said at an investment conference, adding his Group has invested more than 120 billion rupees so far in the state.
Besides, SBI Chairman Arundhati Bhattacharya, Larsen & Toubro Chairman A M Naik, ITC COO Sanjiv Puri, JSW Group CMD Sajjan Jindal and Hindustan Coca-cola CEO T Krishankumar will take part in the three-day event.
The company's net profit after taxes (PAT), minority interest and share of profit of associates had stood at Rs 162.20 crore in the September quarter of 2015-16, Adani Transmission Ltd said in a BSE filing.
Adani Enterprises Ltd (AEL) on Monday reported a steep 79 per cent drop in consolidated net profit at Rs 63 crore for the quarter ended September 30, 2016.
The firm led by Gautam Adani had reported a net loss of Rs 411 crore in the year-ago period, it said in a BSE filing.
With a number of corporate houses promoting sons and daughters of their promoters to leadership positions, many of these companies have begun giving hefty remuneration packages to them for their "increased responsibilities" and "active involvement" in exploring new business opportunities.
"Adani Green Energy (Tamil Nadu) Ltd... has dedicated the world's largest solar power plant of 648 megawatts to the nation," the company said in a statement.
With this, the total number of shares pledged by Gautam Adani/Rajesh S Adani (on behalf of S B Adani Family Trust) in Adani Enterprises, have gone up to 10.01 percent of the total share capital, the company said in a disclosure to the BSE.
The company had posted a consolidated net profit after taxes, minority interest and share of profit of joint ventures and associates of Rs 363.57 crore in the year-ago period, Adani Enterprises said in a BSE filing.
New Delhi will grant billionaire Gautam Adani 16 billion rupees (USD 240 million) in so-called "viability gap" funding to help the new port at Vizhinjam in Kerala win business from established hubs elsewhere in Asia.
The strategy is part of Gautam Adani-led Adani Group's plans to develop a world-class portfolio of ports and allied logistics facilities to capture the benefits of the country's emergence as a global container transhipment hub.
The company had posted a net loss after taxes, minority interest and share of loss of associates of Rs 12.92 crore in January-March period of 2014-15 fiscal, Adani Transmission said in a BSE filing.
Speaking to reporters on the sidelines of an event organised by industry body CII here late yesterday, Goyal said there are one or two instances of companies which don't do well or may have some problems.
"The company has raised Rs 500 crore on April 11, 2016, by allotment of 5,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10,00,000 each on private placement basis," it said in a regulatory filing.
Led by billionaire Gautam Adani, Adani Group has been approached by the bankers appointed by SunEdison for sale of its Indian assets and the Group is still analysing the offer, people in know of the developments said.
"The company has raised Rs 500 crore... by allotment of 5,000 rated, listed, taxable, secured, redeemable, non-convertible debentures (NCDs) of face value of Rs 10,00,000 each in three series on private placement basis," Adani Transmission said in a BSE filing.