Adani Group hits back at Australian critics, will go ahead with project

The Adani Group has said it has invested $3.6 billion in the Australian coal mines and its accounts are cleared by top auditors and tax officials across various geographies, including Australia.

Reacting to an Australian media report, which quoted a University of Sydney professor alleging that Adani Mining, the Australian subsidiary of Adani group, is in a very fragile and perilous financial position, the group said several anti-coal mine activists are discrediting the company and its operations. But it will continue to go ahead with the project.

Professor Sandra van der Laan, a forensic auditing specialist at the university, said the current assets of Adani Mining are less than $30 million and its current liabilities are at $1.8 billion.