Adani operates the controversial Carmichael coal mine and the North Queensland Export Terminal at Abbot Point and for years its attempts at getting insurance and funding for the coal mine project were thwarted by environmental protests.

The company hit even more turmoil at the start of the year following a strongly disputed short seller report which claimed there had been stock price manipulation by the company. It sent the share price of Adani’s seven listed companies into a tail spin and resulted in market losses of $US145 billion.

According to Indian media, its debt level had reached $US24 billion and it was attempting to raise another $US400 million using the Abbot Point terminal.

Founder and chairman Gautum Adani had subsequently slipped down the global wealth rankings from third to 30th with losses of $US40 billion.

Reuters has reported that Adani had started a roadshow in Singapore to raise debt and restore confidence in the company, but the company has rejected claims that it was seeking to raise $US400 million.

Reports from India suggest Adani has told roadshow participants that it had sufficient funds to repay maturing debt for the next three years and that it had an $US800 million credit facility.

An estimated 200 financial institutions around the globe held Adani debt, according to Bloomberg.

Adani’s Australian operations have been asked for comment.

It came as The Greens announced plans to introduce a Bill to Queensland Parliament banning new coal, oil and gas resources in the state and phase out fossil fuel exports by 2030.

Greens MP Michael Berkman said the moratorium on new coal and gas as well as a phase out of exports was necessary for Australia to meet its Paris Agreement obligations.

The Bill is unlikely to get much support from the main parties.