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Adani Group drops major contractors in Australian coal project

Published

9 years ago

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Sydney: India’s Adani Group has suspended two major contractors of its Queensland coal project, raising fresh speculation on its ability to the finance Australia’s largest coal mine, a media report said on Wednesday.

Parsons Brinckerhoff and Korean construction company Posco were told last week to stop work on the Carmichael mine, rail and port project, as per reported.

Company sources told the newspaper that senior Adani executives flew to India for talks about the project’s future. The suspension of the contractors has taken place less than a month after the company stood down four engineering firms – WorleyParsons, Aecon, Aurecon and SMC – and a number of workers.

“It seems to me like they are at the crossroads of do they continue or do they do what GVK did and sack everyone,” the Herald quoted a source as saying.

“I think they just do not have the money and can’t get the money to go ahead. I think, one, Adani do not have the money, and two are realising this is a long, drawn-out process,” the source added

It also follows alleged revelations by Fairfax Media that senior Queensland Treasury officials had advised the Queensland government last year that they believed the project was unviable.

The company, however, said on Tuesday that the mine would still go ahead and the company was not pulling out of the country.

“These structural changes are connected to the same engineering contracts and preliminary works variations Adani announced last month,” an Adani Group spokesperson is quoted as saying.

Parsons Brinckerhoff is the principal project management consultant for the company’s project, while Posco had been set to build Adani’s 388-kilometre rail line from the mine to Abbot Point and take a financial stake in the development.

The suspension of both firms by the company is reportedly being seen by the workers as an extraordinary step.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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