The Adanis' Australian dreams have been shattered.
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The project was opposed by green groups and local residents.
Progress on the mine was blocked in August after a claim Adani failed to take into account the welfare of the yakka skink lizard and ornamental snake.
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.
Adani, which estimates its project will generate more than A$22 billion ($15.6 billion) in taxes and royalties, has yet to line up funding but is sticking to a late 2017 start date.
Approval for Adani's Carmichael coal mine was set aside last week.
The challenge was launched by Mackay Conservation Group in January.
Projects in other developed countries, such as Canada, and even in developing nations like Mozambique and Indonesia are also in limbo
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