| MUMBAI, March 19
MUMBAI, March 19 India's Adani Enterprises
said it would finalise an investment decision by June
for its Carmichael coal project in Australia, which has been
delayed due to protests from environmental groups.
Adani, a business group with interests in power and ports,
has battled opposition from environmentalists for more than five
years in its quest to develop a mine in the northern state of
Queensland that would mainly export coal to India.
The company's chairman, Gautam Adani, expressed optimism
that the project would proceed and said the board would take a
final decision on investments in May or June, including
structure and planned funding.
"Definitely," Adani said during an interaction with a group
of reporters, when asked if he was confident the project would
go ahead. "Our internal planning is 2020 ...(for) first coal to
come out," Adani added, noting construction could begin within
three months of the board's decision.
(Reporting by Devidutta Tripathy; Editing by Rafael Nam and