Corporate Grapevine     

Published: May 31, 2025
Updated: May 31, 2025

Adani marches on despite US scrutiny

The Adani group has staged a strong comeback, rebound ing both in financial performance and market valuation de spite sustained scrutiny from international quarters. The con glomerate closed fiscal 2025 with an EBITDA of Rs 90,000 crore and is committed to investing $ 20 billion annually across its India operations.

In his annual letter to Adani Enterprises shareholders, Chairman Gautam Adani directly addressed ongoing investi gations by the US Department of Justice (DoJ) and the Secu rities and Exchange Commission (SEC) into group firm Adani Green Energy. Despite relentless attacks from vested inter ests, the group continues to march on. “Let me be clear, this was not the first time we have been tested, nor will it be the last. Every challenge sharpens our resolve,” Adani wrote. He emphasized that “despite all the noise, the facts are that no one from the Adani group has been charged with violating the Foreign Corrupt Practices Act or conspiring to obstruct justice.”

“As we cooperate with legal processes, let me also restate emphatically — our governance is of global standards, and our compliance frameworks are robust and non-negotiable,” Adani said even as several international investors queue up to invest in the group companies’ debt and equity fund raisings.