Australian government to grant concessional loan to Adani Enterprises
DSIJ Intelligence / 14 Jul 2017
A global news agency on Friday reported that the Australian government is in its final stages of granting loan to Adani Enterprises.
A global news agency on Friday reported that the Australian government is in its final stages of granting loan to Adani Enterprises.
Northern Australia Infrastructure Facility (NAIF), a government agency will grant a concessional loan of around USD 700 million to Adani Enterprises, to help the company build a 380-km rail link into its controversial Carmichael project located in the remote Galilee Basin.
Due to opposition from environmental groups,Adani's proposed Carmichael mine in Queensland state has faced years of delays as they argue it will contribute to global warming and damage the Great Barrier Reef.
Adani Enterprises was trading at Rs 139.15, down by Rs 1.70 or 1.21% as at 1127 hours on Friday, on the BSE.
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