Adani will go ahead with its $15 bn mine, rail and port project.
Gautam Adani's plan to build one of the world's biggest coal mines in Australia has been hampered time and again.
The mine, designed to eventually produce 60 million tonnes a year of thermal coal used in power stations, has been the focus of opposition by green groups fighting new coal mines and the rail and ports needed to ship the coal.
The good news for the group has come from the port business.
'The competition between the two is definitely going to be of great interest to the Indian market.'
The approval was announced by Environment Minister Greg Hunt, who said "after undertaking a thorough assessment and consideration under national environment law, I have approved the Carmichael Coal Mine and Rail Infrastructure project, subject to 36 strict conditions".
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
'We have lost one of music's most revered and prolific visionaries.'
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
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