Adani shares rose 9% on plans to start work on Aus project
Shares of Adani Group surged about 9% on Monday after the company said it will start work on its $16.5 billion Carmichael coal project in Australia in October. Shares of other group companies also surged, with Adani Transmission climbing over 8% and Adani Power rising 6.13%. The company said it expects to ship the first consignment in March 2020.