Posted in | News | Coal

Adani Enterprises in Talks With Coal India for Long Term Supplies

Adani Enterprises Ltd., controlled by billionaire Gautam Adani, is currently in talks with the state run Coal India Limited for a long term supply agreement of foreign coal.

The Ahmedabad based group would provide coal to India from its Australian and Indonesian mines if the talks are successful with Coal India Limited.

The coal supplied by the Adani infrastructure will be for outright purchase by Coal India. Currently the group has a production capacity of 7 million tonnes coal in Indonesia and 60 million tonnes in Australia on a yearly basis. The company has also offered an equity participation to Coal India in its Australian project.

Gautam Adani said that his company was looking to make more infrastructure investments beyond the $7 billion commitment to its Queensland rail, port and coal mine project. He said that the company was not satisfied with the August purchase of Linc Energy's Galilee tenement and was scouting for more investment opportunities.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, March 19). Adani Enterprises in Talks With Coal India for Long Term Supplies. AZoMining. Retrieved on June 16, 2024 from https://www.azomining.com/News.aspx?newsID=688.

  • MLA

    Chai, Cameron. "Adani Enterprises in Talks With Coal India for Long Term Supplies". AZoMining. 16 June 2024. <https://www.azomining.com/News.aspx?newsID=688>.

  • Chicago

    Chai, Cameron. "Adani Enterprises in Talks With Coal India for Long Term Supplies". AZoMining. https://www.azomining.com/News.aspx?newsID=688. (accessed June 16, 2024).

  • Harvard

    Chai, Cameron. 2019. Adani Enterprises in Talks With Coal India for Long Term Supplies. AZoMining, viewed 16 June 2024, https://www.azomining.com/News.aspx?newsID=688.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.