Business

Adani Group Faces Tax Controversy

Updated 2026-08-01 00:25 UTC 1 source Negative

Indian conglomerate Adani is facing criticism for reporting a $340.6m loss despite earning $1bn from its Queensland coalmine, despite promising billions in taxes and royalties.

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The Guardian

Adani to pay no company tax despite $1bn revenue from Queensland coalmine

Indian conglomerate offsets earnings from Carmichael mine to report $340.6m loss, after promising billions in taxes and royaltiesGet our breaking news email, free app</

2026-08-01 00:00 UTC