"Mumbai and Mumbaikars will bounce back, " says billionaire Gautam Adani, chairman of the Adani Group.
Sahara and Rendezvous were competing with three other companies, including the Adani Group and VC Digital Solution.
"That was the best purchase as it gave me confidence that I could do deals, " says Adani.
Both Adani and Palmer have been trying, so far in vain, to get exclusive rail and port linkages.
Shares in Mundra, which is a subsidiary of Adani Enterprises, also declined by 5% to 138.75 rupees.
FORBES: Fast-rising Indian billionaire clinches Australian port for $2 billion
He derives his fortune from a 78% stake in flagship Adani Enterprises which he holds with his family.
FORBES: Fast-rising Indian billionaire clinches Australian port for $2 billion
To keep calm through the terrifying night, Adani did deep-breathing exercises that are part of his daily yoga regimen.
Adani, 48, who started his career as a trader in 1988, has been growing at a scorching pace lately.
FORBES: Fast-rising Indian billionaire clinches Australian port for $2 billion
Adani insists that he's on track to commission another 330-megawatt turbine in September.
Right next door is Gautam Adani, who had actually reached Galilee before Reddy and planted his flag at the Carmichael River.
Although it's a tall order, he maintains that Adani Power will have all of the 6, 600 megawatts up and running by 2012.
Adani, who has substantial interests in power, has been among those leading the race by Indian power producers to secure coal assets overseas.
FORBES: Fast-rising Indian billionaire clinches Australian port for $2 billion
Ten newcomers entered the top 40, including Guatam Adani, who built Mundra Port on India's west coast, and Anand Jain, Mukesh Ambani's school buddy.
Adani Power is slightly better off in that it has commissioned its first unit of 330 megawatts of the total 6, 600 megawatts that it plans to build.
Indian billionaire Gautam Adani says his smartest buy was the first lot of polished diamonds he ever bought as a teenager, which he later flipped in the streets of Mumbai.
In a statement released to the Bombay Stock Exchange where Mundra is listed, Adani said that the deal for Abbot was in keeping with his international aspirations for Mundra.
FORBES: Fast-rising Indian billionaire clinches Australian port for $2 billion
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