Export credit funds to finance Adani's Australian coal mine project

Company denies any plan to shelve project, apprehensive investors back on table

Leading global financers, export credit fund from China and Korea and international banks which earlier refused to fund the Carmichael coal mine project of the Adani Group are in talks with the Indian conglomerate to fund the project. The company has yet again rubbished the opposition from the climate groups saying this will not impact the funding for the project.

“Till yet, only equity has been infused in the project and we are in process to tie up the debt. There are three streams we are now tying up debt with – export credit funds from our EPC (Engineering, Procurement