Mumbai: Shares of Adani Enterprises fell nearly 3 percent today following reports that the Adani Group has halted engineering work related to Australia's largest proposed mine, fuelling speculation that it could abandon the contentious USD 16.5 billion project altogether.
The stock fell by 2.58 percent to close at Rs 94.50 on the BSE. During the day, it dipped 4.89 percent to Rs 92.25.
At NSE, shares of the company fell by 2.72 percent to Rs 94.50.
Adani had last week advised four major engineering contractors to stop work on projects around the Carmichael mine in Queensland including a joint venture rail line and the expansion of Abbot Point port, Guardian Australia reported citing industry sources.
Meanwhile, the BSE has sought clarification from Adani Enterprises Ltd with respect to news reports claiming it has stopped work at the Aussie mining project.
