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"The project has Final Investment Decision approval, which marks the official start of one of the largest single infrastructure and job-creating developments in Australia's recent history," Adani Chairman Gautam Adani said in a statement.
The company has said the project, at an initial cost of USD 4 billion, would pay billions of dollars in royalties and taxes, create jobs and export coal to India help bring electricity to rural regions.
Equity benchmarks continued to be rangebound after hitting record highs in the opening. Investors awaited the outcome of two-day RBI monetary policy due on Wednesday.
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