Adani Group

The US Department of Justice has denied that its decision to drop criminal charges against Indian billionaire Gautam Adani and seven others was linked to the Adani Group's plans to invest about USD 10 billion in the United States, saying the prosecution was legally unsustainable and should never have been brought. In a filing, responding to a federal judge's demand for a fuller explanation, Principal Associate Deputy Attorney General R Trent McCotter rejected media reports suggesting the dismissal was influenced by the conglomerate's investment plans. "The current or former Department attorneys... have suggested that I sought dismissal of the securities charges at least in part because of some promise by those defendants to invest money in the United States. That is false," McCotter wrote. "I would have sought dismissal of the securities charges regardless of any mentions of investments," he added, saying he had already concluded that the case should be dropped before the issue was

The opposition CPI(M) on Saturday alleged that the recent removal of IAS officer Divya S Iyer as the Managing Director of Vizhinjam International Seaport was aimed at benefiting the Adani Group, and demanded that Chief Minister V D Satheesan explain the reasons behind her transfer. Senior CPI(M) leader and Kannur district secretary K K Ragesh made the allegation in a Facebook post amid the ongoing controversy over Adani Ports and Special Economic Zone Ltd's (APSEZ) proposed transfer of a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL), the port concessionaire, to Switzerland-based shipping giant Mediterranean Shipping Company (MSC). Ragesh alleged that Iyer had played a key role in safeguarding the state's interests by resisting attempts to alter provisions of the Vizhinjam port concession agreement and claimed that Adani authorities had made repeated efforts to have her removed from the post. He further alleged that the then Chief Minister Pinarayi Vijayan had ...

Adani Group has approached the Kerala government for approval of its proposed $1.4 billion stake sale in Vizhinjam Port after the transaction triggered political objections

Project set to become India's largest foreign mining investment

Adani Green Energy Ltd on Wednesday said it has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first clean energy player in India to achieve the milestone through greenfield development. The company generates over 52 billion units of clean electricity annually. The output accounts for nearly 3 per cent of India's electricity consumption, which is enough to power New York City for a year, or almost the combined electricity needs of Mumbai and New Delhi, the Adani Group company said in a statement. The milestone has been achieved within a decade of commissioning AGEL's first renewable energy project at Kamuthi in Tamil Nadu in 2016, making it India's largest and fastest greenfield renewable energy capacity addition company. The company added 5,051 megawatts (MW) in FY26, the highest annual renewable capacity addition by any company outside China. Commenting on the milestone, Sagar Adani, Executive Director, Adani Green Energy Ltd (AGEL), said, ...

The Justice Department said last month it would no longer pursue the prosecution

The Indian billionaire's lawyers argued that the case falls outside US jurisdiction and that prosecutors cannot prove the alleged bribery in India

Group companies gained after Gautam Adani outlined expansion plans at the AGM, while Morgan Stanley raised its target price for Adani Power and retained an overweight rating

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector

Adani said the group will simplify management structures, strengthen contractor partnerships and improve welfare standards for its nearly 400,000-strong workforce

Adani Mundra Airport on Tuesday commenced commercial operations with the inaugural flight landing from Goa. This air link, in a strategic partnership with Star Air, is set to unlock unprecedented economic potential for the Kutch region, transforming it into a fully integrated, multi-modal logistics and business hub, Adani Group said in a statement. The launch of eight new air services by Star Air from Tuesday will create an express corridor, reducing travel time for trade, commerce, logistics and tourism, fuelling the economic engine of India's largest port Mundra. The other cities that Star Air will connect Mundra with include Hindon, Surat, Belagavi, Bengaluru, Kolhapur and Nanded. The new airport terminal was inaugurated by Adani Airports Holding Ltd Director Jeet Adani. Built on the Adani Group's proven development model, the Mundra Airport is engineered for efficiency and growth, the statement said. A 1,900-metre runway can handle a wide range of passenger and cargo aircraft

Reliance, Vedanta and Adani are among companies exploring rare earth processing investments in Andhra Pradesh as India seeks to reduce dependence on China and build domestic critical minerals capacity

Five FPIs named in Hindenburg Research's Adani report have challenged Sebi's adjudication process, alleging procedural lapses in the handling of show-cause notices

Adani Energy Solutions Ltd (AESL) has inked a securities purchase agreement to acquire a 100 per cent equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL), a statement said. According to the statement, AESL has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100 per cent equity stake in IntelliSmart Infrastructure. The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters. The proposed Rs 3,050 crore transaction includes the acquisition of 100 per cent of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. The completion of the transaction is subject to regulatory and other customary approvals. IntelliSmart is among leading ow

In the past 11 trading days, the stock price of Cemindia Projects has surged 37 per cent. In the past three months, the counter has yielded a multibagger return of 116 per cent.

Stocks to Watch today, June 3: Infosys, Alkem Labs, Paytm among others in focus; here's why

Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target. The investment programme -- the largest annual capex undertaken by an Indian corporate group -- lifted the portfolio's gross asset base to Rs 7.85 lakh crore (USD 82.8 billion), with nearly 80 per cent of spending directed towards energy, utilities, transport, and logistics businesses. Consolidated EBITDA rose 5.6 per cent year-on-year, according to the group's annual results and credit compendium released on Tuesday. Nearly 80 per cent of FY26 investments were directed toward core infrastructure businesses, including energy, utilities, transport, and logistics, underscoring the group's continued focus on sectors linked to India's infrastructure build-out. The investment cycle comes

Billionaire Gautam Adani said the Adani Group has moved beyond its US legal challenges and is accelerating investments across energy, transport, logistics and digital infrastructure, positioning itself to benefit from rising demand for artificial intelligence-led growth. In his annual letter to shareholders, Adani said the conglomerate remained committed to expansion despite heightened scrutiny over the past year, adding that matters related to the group's US legal proceedings were now "behind us", allowing it to focus on its next phase of growth. Adani described the group's recent Rs 24,930 crore rights issue in flagship firm Adani Enterprises as a vote of confidence from investors at a time when the conglomerate faced questions over governance and regulatory issues. "Even though it was a year in which the world grew more fractured, complex energy security models returned to the centre of national strategy and technology became inseparable from sovereignty, Adani Group remained ...

Adani Group stocks have erased losses triggered by the 2023 Hindenburg report as investor confidence returns amid easing regulatory pressures

Adani Energy Solutions, Adani Total Gas and Adani Green Energy were up in the range of 4-7% on the BSE in Wednesday's intra-day trade.