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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A decade after acquiring mining rights in Australia, he is ready for his first consignment. But with the world against the fuel, will he suffer the winner’s curse?
Editor's note: In September, Adani Group-owned Bowen Rail Co. received the first of 10 state-of-the-art locomotives that will haul coal from its Carmichael coal mine in Queensland, Australia. Each of these locomotives will pull 120 wagons loaded with thermal coal at 80 km. per hour on a narrow gauge railway line to the North Queensland Export Terminal (also group-owned). In a trial phase over the next few months, the Ahmedabad-based group hopes to export 2.6 million tonnes of coal, but starting July 2022, the plan is to export 9.3 million tonnes of coal every year for the next three decades. It’s a victory of sorts for group chairman Gautam Adani, who has battled for more than 10 years with trenchant environment groups, bankers and the local administration to get the project off the ground. When Adani bought the rights to mine in Queensland’s Galilee Basin in 2010, he was among half a dozen others who wanted to do so. Adani’s project faced the ire of environmental groups, lenders and a local administration—all of whom tried to scuttle it and nearly managed to …
A decade after acquiring mining rights in Australia, he is ready for his first consignment. But with the world against the fuel, will he suffer the winner’s curse?
Editor's note: In September, Adani Group-owned Bowen Rail Co. received the first of 10 state-of-the-art locomotives that will haul coal from its Carmichael coal mine in Queensland, Australia. Each of these locomotives will pull 120 wagons loaded with thermal coal at 80 km. per hour on a narrow gauge railway line to the North Queensland Export Terminal (also group-owned). In a trial phase over the next few months, the Ahmedabad-based group hopes to export 2.6 million tonnes of coal, but starting July 2022, the plan is to export 9.3 million tonnes of coal every year for the next three decades. It’s a victory of sorts for group chairman Gautam Adani, who has battled for more than 10 years with trenchant environment groups, bankers and the local administration to get the project off the ground. When Adani bought the rights to mine in Queensland’s Galilee Basin in 2010, he was among half a dozen others who wanted to do so. Adani’s project faced the ire of environmental groups, lenders and a local administration—all of whom tried to scuttle it and nearly managed to …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
