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It said that various supporting units are being built with

During Q3, the Indonesia mine faced abnormal rains due to seasonal effect.

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various partners and few are in advanced stage of construction.

Warehouse for supporting these manufacturing cluster is almost ready for receiving the produces from various units and the main plant construction is also nearing completion and getting ready to receive the equipment, it said.

On Overseas Mining, it said the business in Indonesia is doing well. The company has extracted 3.11 MT of coal in 9MFY17. During Q3, the Indonesia mine faced abnormal rains due to seasonal effect. While recovery in production is expected in Q4, there may be some shortfall in target 5.5 MT.

The Adani Group is one of India's leading business houses with revenue of over USD 12 billion.

Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, it the largest coal importer in India.

It has extensive interests in oil and gas exploration and its coal extraction has increased to 11 MT in 2016 and it aims to achieve coal trading and mining volume of 200 MT per annum by 2020, thereby emerging as one of the largest mining groups in the world.

The shares of the company closed at Rs 90.80 apiece on the BSE, down 0.93 per cent from the previous close.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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