Adani Group: Good news for Adani from Australia, big business reveal. The Australian High Commissioner said, there will be no impact on Adani Group’s business here

Adani Group News: Australian High Commissioner to India Barry O’Farrell said on Monday that Adani Group is a successful businessman and investor in his country. O’Farrell said Indian regulators would have to look at the situation arising from the Hindenburg Research report on the Adani group and that there were no reports of the group closing its Australian business.

O’Farrell said in a question asked about the Adani Group that Gautam Adani’s investments in Australia are proactive and provide resources such as clean energy and coal. I haven’t seen any reports that their operations have stalled in Australia. They are still significant investors in Australia with investments from India.

Did not answer this question

The Gautam Adani-led Adani Group operates coal mines and solar power projects in Australia besides port terminals. The Australian High Commissioner said that the Adani Group is probably India’s largest investor in Australia. He said he has a successful business in Australia. In countries like India and Australia that have economic cooperation agreements, people themselves decide to invest in or buy companies with their own interests in mind. The government is not involved in these matters. However, he did not agree to answer the question whether he will meet Australian Prime Minister Anthony Albanese Adani, who is visiting India from Wednesday.

Adani shares rose

On the other hand, Adani Group’s shares have seen a steady rise. Share prices of 8 out of 10 companies rose on Monday. While shares of Adani Enterprises rose by more than 5 percent. On the other hand, shares of Adani Power, Adani Transmission, Adani Energy, Adani Total Gas, Adani Wilmar and NDTV gained 5 percent each. Only the cement business has decreased. Ambuja Cement scrip fell by 1.65 percent and ACC by 1.50 percent. Since the Hindenburg Research report was published on January 24, the Adani group’s market capitalization has declined by more than 60 percent.