Adani gives final investment approval for coal mine project in Australia

June 06, 2017 09:18

Adani Group Chairman Gautam Adani today gave the final investment approval for the Indian conglomerate's controversy-hit 21.7 billion dollars coal mine project in Australia which had hit several roadblocks over environmental concerns.

"I am proud to announce 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 said.

This is a historic day for Adani, a historic day for regional Queensland, and a historic day for the Indian investment in Australia, he said.

The announcement comes just days after the Adani Group agreed to pay royalties on coal produced from its project after it struck an agreement with the Queensland government to help the controversy-hit project move forward.

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