The Adani Group on Thursday announced plans to invest $ 6 billion by 2015 to develop its three core clusters of resources, logistics and energy. The investment will be funded by a mix of internal accruals, equity and debt. It will largely go to its new Australian coal mining operation.
The group is the largest importer and supplier of coal and owns mining and development rights for 130-million tonne coal mining in India. It also owns coal mining rights in Indonesia and Australia. It expects to manage 200 million tonnes of coal by 2020.
via The Hindu : Business News : Adani Group to invest $ 6 b by 2015.
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