Adani Group

The adani group has refuted a Wall Street Journal report that alleged connections between its businesses and Iranian LPG, labeling the claims as unfounded and malicious. adani group clarified that it does not handle any cargo from Iran at its ports or manage ships owned by Iranians, strictly adhering to this policy across all its ports.

The adani group has refuted allegations of sanctions violations, clarifying that its ports do not handle cargo from Iran or vessels under Iranian ownership. This statement follows a Wall Street Journal report suggesting US prosecutors are investigating potential Iranian LPG imports through Adani's Mundra port.

Gautam Adani asserts the adani group's resilience and strategic adaptation amidst acquisitions and scrutiny, planning a $15–20 billion investment over five years. Despite facing allegations from Hindenburg Research and US authorities, the group has reduced debt, attracted investments, and reported record earnings. Adani emphasizes strong governance and compliance, highlighting expansion across various sectors and contributions to India's ambitions.

adani group announced a significant 29% surge in its tax contributions, reaching nearly Rs 75,000 crore in FY2024-25. This substantial contribution, encompassing direct and indirect taxes along with employee social security, underscores the group's commitment to nation-building. Key contributors among the listed companies include Adani Enterprises, Adani Cement, Adani Ports, and Adani Green Energy.

Adani Energy Solutions, controlled by Gautam Adani, has approved raising ₹4,300 crore through a qualified institutional placement, signaling a resurgence in investor confidence. This decision follows a US indictment that had previously dampened sentiment towards the adani group. Recently, Fitch Ratings removed Adani Energy from a rating watch, assigning a negative outlook, reflecting moderating liquidity risks for the company.

Harsh Goenka sparked discussion by comparing the adani group's economic strength to Pakistan's entire economy on Twitter. He highlighted Adani's superior market capitalization, renewable energy capacity, green hydrogen ambitions, and port operations. Goenka used analogies to emphasize the perceived mismatch, leading to supportive comments about India's economic dominance.

Experts estimate the Dharavi redevelopment plan could unlock 140 million sq ft of free sale area, generating Rs 1.2-1.7 lakh crore for the adani group-state JV. While the project aims to rehabilitate residents and transform the city center, concerns arise regarding ambitious timelines, competitive pricing, and incentives granted to the developer, sparking political debate over the project's financial implications.

LIC has fully subscribed to Adani Ports' ₹5,000 crore NCD issue, supporting their strategy to replace short-term debt with longer-term, lower-cost options. The 15-year bond, with a 7.75% coupon rate, will fund capital expenditure and refinance existing liabilities. This move extends adani group's debt maturity profile, lowering their average cost of funds to 7.92% in fiscal year 2025.

IndiGo will be the first airline to operate from the Navi Mumbai International Airport (NMIA), starting with 18 daily departures and expanding to 79 by November 2025, including international flights. The airport, owned by the adani group, aims to handle 20 million passengers annually in its initial phase, with future expansions planned.

Dharavi's cottage industries are resisting an eligibility survey for resettlement, fearing displacement and inadequate rehabilitation. Approximately 15,000 residents and workshop owners are hesitant to provide documentation, citing concerns about the builder's involvement and lack of transparency. While some acknowledge the need for the survey, others demand written guarantees regarding rehousing and allotted space, highlighting the potential loss of indigenous industries.