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Gautam Adani, family put up additional $1.4bn shares as collateral

Friday, March 20, 2020, 12:13 PM

Industrialist Gautam Adani and family have put up an additional $1.4 billion shares in various group companies as collateral (loans are tied to stock prices) on existing debt in March, Bloomberg reported. The publication analysed regulatory filings through March 19 for four of Adani group's companies. These include holding company Adani Enterprises, the ports business, the electricity business and power units.
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Siemens to support Adani's Australian coal project despite protests

Monday, January 13, 2020, 8:24 AM

German engineering group Siemens said it would fulfil its contractual obligations to a controversial coal mining project in Australia's outback, attracting criticism from environmental groups on January 13. Siemens was awarded a contract last year to provide signalling technology for a railway line to transport coal from a remote coal mine run by India's Adani Group in northern Queensland state.
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Adani to fully fund its troubled Australia coal project

Thursday, November 29, 2018, 8:05 PM

India's Adani Enterprises Ltd will fully fund its coal mine and rail-project in Australia itself, company said taking a big step closer to building the long-touted project that has faced fierce resistance from green groups. Adani Mining chief-executive Lucas Dow announced the funding milestone for Carmichael mine in a speech in Queensland, a state that has been counting on the project to create jobs.

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