Business Standard

Adani may not receive $900-mn govt loan

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Indian energy giant Adani’s controvers­y-hit Carmichael coal mine project in Australia may not receive a $900-million loan after the Labour Party-led Queensland government said it would exercise its veto to not support the financial assistance. The $16.5-billion Carmichael coal mine project, one of the world's largest, will start constructi­on after being given the green light by the federal and Queensland state government­s. The Adani group had applied for Northern Australia Infrastruc­ture facility loan worth $900 million for building a train line to connect its mine to the coast.

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