Carmichael coal mine magnate Gautam Adani: from school dropout to $12bn empire

The Adani Power plant inside the special economic zone near Tragadi Bander on the Kutch Coast of India.

As a result, says the energy consultant Tim Buckley, “Adani is getting exactly the same sort of treatment from Australian politicians to that which he is used to back in India. He has been offered a $1 billion subsidised loan from the Northern Australian Infrastructure Facility [NAIF], and a $600 million royalty holiday and free water from Queensland taxpayers. And as if that wasn’t enough, we’ve now learnt that the Queensland Government has compulsorily acquired prime agricultural land to make way for the Adani railway. It’s farcical.”

Carmichael coal mine magnate Gautam Adani: from school dropout to $12bn empire