The Adanis' Australian dreams have been shattered.
The stock jumped 12.9 per cent to Rs 95.80 at Bombay Stock Exchange.
The agreement was signed on Tuesday at state's Isaac Regional Council meeting.
The federal court in August had revoked the original approval.
Projects in other developed countries, such as Canada, and even in developing nations like Mozambique and Indonesia are also in limbo
Approval for Adani's Carmichael coal mine was set aside last week.