Adani Group said on Thursday it had won Australian government approval
to build its massive Carmichael mine and rail project after clearing
environmental concerns.
A court on August 5 temporarily blocked progress on the $7.34 billion project in the inland Galilee Basin following a claim Adani failed to include conditions to protect two vulnerable species.
Shares of billionaire Gautam Adani-led Adani Enterprises surged nearly 13 per cent at its day's high of Rs 95.8 as compared to a 0.65 per cent gain in Nifty.
A court on August 5 temporarily blocked progress on the $7.34 billion project in the inland Galilee Basin following a claim Adani failed to include conditions to protect two vulnerable species.
Shares of billionaire Gautam Adani-led Adani Enterprises surged nearly 13 per cent at its day's high of Rs 95.8 as compared to a 0.65 per cent gain in Nifty.
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