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Adani Enterprises rallies on environmental clearance to Carmichael coal mine

The stock surged 13% to Rs 95.80 on the BSE on back of heavy volumes.

Adani Enterprises rallies as Australian government clears Carmichael mine
SI Reporter Mumbai
Last Updated : Oct 15 2015 | 10:27 AM IST
Adani Enterprises has surged 13% to Rs 95.80 on the BSE on back of heavy volumes after the report suggests that the Australian government on Thursday provided its environmental clearance to the Adani Group's embattled Carmichael coal mine.

However, the approval is conditional on Adani implementing all advice from the IESC and improving 31,000 hectares of natural habitat for the southern black-throated finch. CLICK HERE TO READ FULL REPORT.

The trading volumes on the counter more than doubled with a combined 11.43 million shares changed hands on the counter in first hour on the BSE and NSE.
 

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First Published: Oct 15 2015 | 10:09 AM IST

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