Adani and Posco to build rail line in Oz

New Delhi : Adani Group company, Adani Mining and Posco E&C, an arm of South Korea’s Posco, signed an agreement to develop a rail line to the Galilee Basin coal reserves in Queensland. The agreement gives exclusive rights to Posco E&C to be the EPC (Engineering, Procurement and Construction) contractor for the 388 km greenfield standard gauge rail. “It will provide vital opportunities for Australian Infrastructure development and contribute to energy security of India by lighting the lives of millions of Indians,” Adani Group Chairman Gautam Adani said.