Adani Enterprises dips on facing fresh legal challenge

Shares of Adani Enterprises have slipped over 2.5% to Rs 77 on the NSE after the company is facing delays in constructing a giant coal mine in Australia after an environmental group lodged a fresh legal challenge on the grounds the project would harm the Great Barrier Reef and contribute to climate change. CLICK HERE FOR FULL STORY

On Monday, lawyers for the Environmental Defenders Office acting for the Australian Conservation Foundation launched a review of that approval.

"This case is about whether the minister correctly applied the law when considering the impacts of the project on the Great Barrier Reef and endangered Black-throated finch," said Sean Ryan, the principal EDO solicitor for the foundation.

At 10:20 AM, the stock was down 2.5% at Rs 77 on the NSE. At 10:22 AM, a combined total of 1,360,020 shares changed hands on the counter of NSE.