Indian mining giant Adani has said it will go ahead with its 15 billion dollar mine, rail and port projects in Australia's coal-rich Queensland state, amid speculation that the victorious labor Party in the state may reverse the policy and create new trouble for the company.
In a statement, Adani Group said that the election result does not influence the company's financial decision making.
Unlike liberal National Party which has supported the Adani's Carmichael project in the Galilee Basin, the victorious labor Party in the last week's election has said the project must be self-sustaining and it will not commit any taxpayers money towards it.
Adani CEO Jeyakumar Janakaraj said the company will work with every partner and every Government in ensuring that the important projects proceed.
He said Adani's decision to proceed or not to proceed with this important investment was based on one thing that was the cost basis of the project which remained the case.