Adani to Pay No Company Tax Despite $1 Billion Revenue from Queensland Coalmine

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finance

1 August 2026 at 7:28 am

Adani to Pay No Company Tax Despite $1 Billion Revenue from Queensland Coalmine

HyperFast News

Summary

Indian conglomerate Adani will pay no company tax despite generating nearly $1 billion in revenue from its Carmichael thermal coal operations in Queensland over the past year. The company reported a $340.6 million loss by offsetting earnings with large costs, effectively erasing its tax bill.

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