Adani Carmichael Project

HP Adhesives makes strong debut at 16% premium, ends 22% higher; RBL Bank tanks 20% as Vishwavir Ahuja goes on leave; analysts sound caution

The jump in market capitalisation in the past year is not matched by its financial performance

Places highest closing bid for Dhirauli mine in MP, edging out the only other bidder Hindalco Industries; The only other mine it owns is Carmichael in Australia

The story of Adani and its Australian project illustrates why the world keeps burning coal despite its profound danger

The company has one fully operational MDO; two more MDOs have started and another seven are under development

Annual accounts cleared by top auditors, tax officials, the group said

Adani Group's Carmichael coal project is located in Australia's huge Galilee Basin, which if fully developed, has the potential to more than double Australia's thermal coal exports

Adani's proposed Carmichael mine in Queensland state has faced years of delays

Adani has said its project is targeting annual output of 25 million tonnes in the first phase

The railway line is part of the $16-billion Carmichael coal project in the state of Queensland

The Supreme Court has dismissed a challenge to validity of approval to the project, but the decision can be referred to Queensland's Court of Appeal

According to State Development Minister Anthony Lynham, the only key approvals remaining are water licenses