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Adani forced to make writedowns on Carmichael

DELAYS and legal challenges to Adani’s proposed $16.5 billion Carmichael project in Queensland have led to the Indian parent company writing down 896.4 million rupees or US$13.3 million on its accounts.

Lou Caruana
Adani forced to make writedowns on Carmichael

Adani Enterprises said in a Mumbai stock exchange filing that its Australian Adani Mining subsidiary had booked the impairment charge in the March quarter.   The writedowns stem from Adani being forced...

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