/ Oz Govt In Final Stages Of Granting Loan To Adani Enterprises ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 14 July 2017

The Australian government is in its final stages of granting loan to Adani Enterprises, reported a global news agency on Friday.

Adani Enterprises is awaiting a concessional loan of around USD 700 million from the Northern Australia Infrastructure Facility (NAIF), a government agency to help the company build a 380-km rail link into its controversial Carmichael project located in the remote Galilee Basin.

Adani's proposed Carmichael mine in Queensland state has faced years of delays amid opposition from environmental groups who 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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