Adani Group
Profile
Adani Group is an energy, mining and infrastructure conglomerate that derives 60 percent of its revenue from coal. It has come under repeated scrutiny for its continued expansion of its fossil fuel business notably over the Carmicheal coal mine in Queensland, Australia, that is sited on Aboriginal lands belonging to the Wangan and Jagalingou peoples. The coal is to be shipped to India from a custom-built port to a proposed US$4 billion PVC plant in India. Adani has also been criticized for its coal mines in Talabira, Odisha state, as well as its plans to mine for coal in the Hasdeo Arand forests of Chhattisgarh state.
CEO Gautam Adani, India's richest man, has benefited hugely from his close ties to Narendra Modi, the prime minister of India.
The company was the subject of a massive financial scandal in early 2023, when a report by Hindenburg Research accused company management of engaging in massive stock manipulation and accounting fraud. Investigative news sites have found documents showing that major investors in the company were beholden to the CEO Gautam Adani.
Port management, coal, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure.
Adani Group was profiled as part of the report "Green" Multinationals Exposed: How the Energy Transition is Being Hijacked by Corporate Interests.
Violations
Violation data is still being gathered for Adani Group at this time.
Stories
- Barclays’ Bond With Adani: Why Barclays’ Close Relationship With Adani Is a Huge Risk by BankTrack & Toxic Bonds (2023)
- Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History by Hindenburg Research (2023)
- The Coal Truth: The fight to stop Adani, defeat the big polluters and reclaim our democracy by David Ritter (2018)
- The Adani Files by Get Up! (2017)
- Risky Business: Health, Climate and Economic Risks of the Carmichael Coal Mine
- A Feast of Vultures: The Hidden Business of Democracy in India by Josy Joseph (2016)
Activism
India: Defiant orchardists fight back against Adani transmission line
A. Abedin | Adani Watch | October 19, 2023
Orchardists in West Bengal have tackled an Adani company in court, arguing that the installation of a high-voltage transmission line last year destroyed hundreds of fruit trees.
UK: Health workers hang banner from statue in protest at Science Museum’s Fossil fuel sponsorship.
Health for Extinction Rebellion | August 28, 2023
These talks aim to raise awareness of two things: First – fossil fuel sponsorship of the museum, especially the upcoming gallery entitled Energy Revolution: The Adani Green Energy Gallery, which is sponsored by the Adani group, the world’s largest private developers of new coal mines.
India: Adani Group: Chhattisgarh tribes' year-long protest against tycoon's coal mine
Nikhil Inamdar | BBC | March 20, 2023
Deep in the jungles of central India, forest-dwelling tribes are marking the one-year anniversary of a continuous agitation against a new coal mine to be developed by the Adani Group.
India's Adani crisis spills over into street protests as losses top $110 bln
Adnan Abidi, M. Sriram & Aditi Shah | Reuters | February 6, 2023
The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India's opposition parties took to the streets to press for a probe into allegations by a U.S. short-seller against the conglomerate which triggered its market rout.
SumOfUs Calls On Banks And Investors: Get Out Of Adani
Toxic Bonds | 2022
To finance these mines Adani needs to persuade investors that it's committed to a green transition. It will try to do so at its annual shareholder meeting, which the date is expected to be called any day now. The Adani Group is going into a greenwash overdrive.
Why protesting Indian farmers believe new laws are rigged to favour India’s richest man
Niharika Sharma | Quartz | December 8, 2020
Thousands of Indian farmers are protesting against three new farm laws—and two of the country’s richest men. On Dec. 5, protesting farmers in Punjab’s Amritsar burnt effigies of prime minister Narendra Modi, Reliance Industries chairman Mukesh Ambani, and Adani Group chairman Gautam Adani. The farmers believe the new laws brought in by the government will favour the two industrialists, who are widely believed to be close to Modi.
Australia: Adani protesters charged after 'chaining themselves to concrete drum'
Rebecca Masters | 9News | October 1, 2019
Two women have been charged after an anti-Adani protest at the Abbot Point coal terminal in Bowen this morning. Police were called to the scene about 5.30am where about 40 people from the group Frontline Action on Coal were blocking the entrance to the mine.
Australia: On the road with Bob Brown's Stop Adani Convoy: Hobart to Clermont
Matthew Newton | The Guardian | May 6, 2019
Photographer Matthew Newton travelled alongside the 5,000-strong protest against Adani’s proposed Carmichael coalmine, which left Hobart on 17 April before making its way to Clermont in central Queensland and on to Canberra, where it ended on 5 May.
Adani: thousands protest across Australia against Carmichael mine
The Guardian | December 8, 2018
Thousands of protestors campaigning against Indian mining giant Adani’s controversial Queensland coalmine have taken to the streets in major cities across Australia to call on the government to stop it going ahead.
Australia: Stop Adani Wrecking Our Reef
The Australian Marine Conservation Society | 2018
Adani can’t be trusted with our delicate Reef. We’ve seen the evidence, when Adani exceeded its permitted pollution discharge limit to the Great Barrier Reef World Heritage Area by more than 800 per cent at the Port of Abbot Point, and spilt coal laden water into the neighbouring fragile Caley Valley Wetlands, and onto the beach next to the Great Barrier Reef World Heritage Area.
Australia: Adani protest: hundreds rally against proposed $1bn loan to mining company
Calla Wahlquist | The Guardian | December 5, 2016
More than 300 people rallied in Melbourne on Monday to protest against a proposed $1bn federal government loan to Adani for a rail line before an expected meeting in the city between Malcolm Turnbull and the head of the Indian mining company, Gautam Adani.
International:
- BankTrack
- Earthjustice
- Ekō (previously SumOfUs)
- Greenpeace International
- Insure Our Future
- Organized Crime and Corruption Reporting Project (OCCRP)
- Rainforest Action Network (RAN)
- TIAA - Divest
- Toxic Bonds
Australia:
- Adani Files
- Adani Watch
- Australian Conservation Foundation (ACF)
- Australian Marine Conservation Society
- Australian Religious Response to Climate Change (ARRCC)
- Bob Brown Foundation
- Climate Council
- Climate Energy Finance
- Environmental Defenders Office
- Environmental Justice Australia
- Frontline Action on Coal (FLAC)
- Market Forces
- School Strike 4 Climate Australia
- Stop Adani
- Wangan and Jagalingou Traditional Owners
United Kingdom:
- Coal Action Network
- Culture Unstained
- Extinction Rebellion UK
- Fossil Free London
- Fossil Free Science Museum
- Health for Extinction Rebellion
- London Mining Network
- Scientists for Extinction Rebellion
- Scientists' Warning
- South Asia Solidarity Group
- UK Student Climate Network London
India:
- All-India National Trinamool Trade Union Congress (INTTUC)
- Centre of Indian Trade Unions (CITU)
- Environics Trust
- Oxfam India
- Zameen Adhikar Jumbesh
Other:
& Lawsuits
Indian Journalists Targeted with State Intimidation and Spyware
OCCRP | November 8, 2023
Since OCCRP published an investigation in August that uncovered potentially controversial shareholders in India’s third-largest conglomerate (Adani), reporters who worked on the story have been targeted with state intimidation and surveillance attempts.
Indian opposition calls for Adani Group probe over coal price allegations
Roula Khalaf | Financial Times | October 18, 2023
India’s main opposition party has called for an investigation of the country’s Adani Group over allegations reported by the Financial Times that the conglomerate appeared to have inflated the cost of imported coal.
Documents Provide Fresh Insight Into Allegations of Stock Manipulation That Rocked India’s Powerful Adani Group
Anand Mangnale, Ravi Nair & NBR Arcadio | OCCRP | August 21, 2023
Two men who secretly invested in the massive conglomerate turn out to have close ties to its majority owners, the Adani family, raising questions about violations of Indian law.
India’s Supreme Court sets up panel to investigate Adani allegations
Sumathi Bala | CNBC | March 3, 2023
India’s Supreme Court action comes slightly over a month after Hindenburg Research released a lengthy report on Jan. 24, accusing Adani Group of stock manipulation and fraud. In a rebuttal that ran over 400 pages, the group denied any wrongdoing.
‘It was a set-up, we were fooled’: the coal mine that ate an Indian village
Ankur Paliwal | The Guardian | December 20, 2022
In early 2009, Adani hired Rakesh Yadav, who had previously won the villagers’ trust through his work for an NGO that ran welfare activities, such as vaccinating cattle and helping locals improve farm yields. Two members of the local elite, Mani and Kailash, told me that Yadav would meet with them regularly to explain that it was in the villagers’ financial interest to sell their land.
Australia: Queensland activist Ben Pennings ordered to hand over his files on Adani
Joe Hinchliffe | The Guardian | September 2, 2022
A Brisbane activist whose family was secretly surveilled by Adani’s private investigators has agreed to hand his phone and computer over to the mining giant as it seeks to prove its claims he “misused’’ confidential information.
India: ‘Fake consent’ obtained for destroying forest for Adani’s Talabira coal mines
Ayaskant Das | Adani Watch | July 7, 2022
Despite laws designed to protect the rights of forest dwellers, approval was given to the likes of Adani to cut down the trees, destroy the forests and extract millions of tonnes of coal for burning in nearby power plants. The local people object and say that their consent to the loss of their forests was faked.
India: As Adani steps up mining, villagers to be displaced third time
Gurvinder Singh | Al Jazeera | June 30, 2022
Hundreds fear displacement for the third time in India’s Odisha state as coal mining is set to start.
Australia: Stop Adani Success – We won our court case!
Australian Conservation Foundation | May 25, 2021
Two and a half years after lodging our case – alleging the Morrison Government broke its own laws when assessing Adani’s water-guzzling mine – the Federal Court has ruled in favour of our claim. Why is this win so significant? It means Adani has to start again with its plans to pump 12.5 billion litres of water from some of our most drought-affected areas to run its climate-wrecking mine.
The Adani Group denies engaging with Myanmar’s military leadership over port deal but video suggests otherwise
Josh Robertson | ABC News | March 29, 2021
The Adani Group is paying up to $US52 million ($68.1 million) to a Myanmar military-controlled company that has just been slapped with sanctions by the United States over human rights violations. Leaked documents in a report by human rights lawyers and activists obtained by the ABC reveal the scale of Adani's cooperation with the junta over a proposed container port in Yangon.
India: Taking Over Fertile Land For Adani Group From Protesting Farmers, Jharkhand Government Manipulates New Law Meant To Protect Them
Chitrangada Choudhury | IndiaSpend | November 30, 2018
These fertile, multi-crop lands are their only source of livelihood, and the villagers were shocked when the earthmovers began uprooting valuable palm trees and bulldozing the young paddy stalks, laboriously sown weeks ago.
Australia: Indigenous group hid more than $2m in payments from Adani mining giant
Ben Smee | The Guardian | June 21, 2018
Guardian Australia has obtained court documents that show the Kyburra Munda Yalga Aboriginal Corporation did not account for payments by Adani, then paid its own directors up to $1,000 a day cash-in-hand to conduct now-invalidated cultural heritage assessments for the Indian mining company.
Environmental Impacts
Three Adani firms lose endorsement of UN-backed climate group
The Economic Times | May 9, 2023
Three Adani Group companies, including Adani Green Energy Ltd., have lost their endorsement from the world’s leading arbiter of corporate green goals, a blow to the industrial conglomerate’s attempt to reposition itself as a leader of India’s energy transition.
Adani's Massive Fossil Fuel Expansion Plans
Market Forces | 2023
This non-exhaustive list of new or expanded coal, oil and gas projects presented below, collated mainly from Adani Group’s own reporting, websites and media releases, show the Adani Group is not transitioning away from fossil fuels, but in fact is continuing to bet billions of dollars on the failure of that transition.
India: Authorities turned a blind eye to Adani Group’s pollution and falsehoods
Ayaskant Das | Adani Watch | November 22, 2022
The ruling right-wing BJP government in India’s western state of Gujarat, which is also the home state of its Prime Minister Narendra Modi, has allegedly turned a blind eye to environmental violations by the Adani Group’s colossal coal-power stations in the town of Mundra.
The world’s third-richest man sells the world a green dream built on coal
Chris Kay & P R Sanjai | TBS News | September 10, 2022
The $70 billion pledge is the blueprint that Adani hopes will make his empire the world's largest producer of clean power by the end of the decade. Yet his green investments so far still pale in comparison to his fossil-fuel exposure, a dichotomy that risks undermining Adani's quest to be taken seriously on the world stage.
Adani must not be allowed to greenwash itself at UK climate summits
Market Forces | October 12, 2021
Speaking at this summit would give Gautam Adani yet another opportunity to talk up the Adani Group’s investments in renewable energy, while completely glossing over the billions of dollars that the Adani Group is pouring into new fossil fuel projects, such as the climate-wrecking Carmichael thermal coal project in Australia.
Adani blasted over ‘toxic’ $4bn plan to use Australian coal to make plastic in India
Graham Readfearn | The Guardian | June 18, 2021
The owners of the controversial Carmichael mine in Queensland want to build a US$4bn plant in India that would use Australian coal to make plastic.
Australia: 'Deeply inadequate': Adani fined $25K for breaching environmental approval
Toby Crockford | Brisbane Times | December 2, 2020
The federal Department of Agriculture, Water and the Environment issued the fines after Adani failed to submit an updated species management plan within the required timeframe.
Australia: Adani pleads guilty to giving 'false or misleading documents to an administering authority', fined $20k
Josh Robertson & Jessica Rendall | ABC News | February 5, 2020
Mining giant Adani has been fined $20,000 after pleading guilty to providing false or misleading information to Queensland's environmental regulator.
How One Billionaire Could Keep Three Countries Hooked on Coal for Decades
Somini Sengupta, Jacqueline Williams & Aruna Chandrasekhar | The New York Times | August 15, 2019
The vast, untapped coal reserve in northeastern Australia had for years been the object of desire for the Indian industrial giant Adani. In June, when the Australian authorities granted the company approval to extract coal from the reserve, they weren’t just rewarding its lobbying and politicking, they were also opening the door for Adani to realize its grand plan for a coal supply chain that stretches across three countries.
Australia: Drone footage shows Adani doing illegal work at mine site, environmental group claims
Michael Atkin & Mark Willacy | ABC News | June 5, 2019
New drone footage and high-resolution satellite imagery allegedly shows evidence of illegal work being done at Adani's controversial Carmichael coal mine project, according to environmental group Coast and Country.
Australia: Adani plans to protect desert springs are worthless, water experts say
Michael Slezak | ABC News | June 18, 2018
Adani's proposed protections for some of the world's last unspoiled desert oases near its proposed coal mine in Queensland won't work at all and are "all about protecting Adani from prosecution", according to the authors of two reports.
Australia: Coal found in Caley Wetlands. Adani can’t be trusted to stop pollution
The Australian Marine Conservation Society | September 20, 2017
Confirmation that nationally significant wetlands were polluted with coal from Adani’s Abbot Point terminal is further evidence the company cannot be trusted to protect our Great Barrier Reef, clean water and wildlife, leading Australian conservation groups have warned.
& Relations
India: Gangavaram Port workers protest seeking wage hike, clash with cops
Apoorva Jayachandran | India Today | August 17, 2023
Workers at the Adani Gangavaram Port in Andhra Pradesh’s Vizag held a protest seeking a wage hike. Tension prevailed in the area as clashes broke out between the workers and police personnel after the latter tried to lathi-charge and disperse the crowd.
India: Himachal Pradesh: Thousands despair as India Adani plants shut down
Raghvendra Rao | BBC | January 8, 2023
The Adani Group acquired the factories in September, but soon ended up in a dispute with local transport unions over freight charges. The company said operations had become "unviable" because of the losses it was incurring due to "high transportation costs". The stand-off has not just affected the 2,000-3,000 people who were directly employed by these plants, but also thousands of others.
India: Truckers hold protest outside Ambuja cement plant at Darlaghat
The Tribune India | December 16, 2022
Members of eight transport societies engaged in transportation work with the company met today at Darlaghat and decided to fight for their due. The company was recently taken over by the Adani group.
India: Power sector staff to go on 72-hr strike after Adani seeks parallel distribution licence in Maha
PSU Watch | January 3, 2022
Around 86,000 power sector employees in Maharashtra are set to go on a 72-hour-long strike starting midnight in protest against privatisation of the power distribution business. The news comes in the backdrop of Adani Electricity Navi Mumbai Ltd, a subsidiary of Adani Transmission, applying to the Maharashtra Electricity Regulatory Commission (MERC) for a parallel licence for power distribution in areas which are presently under the jurisdiction of state-run Mahavitaran, like Bhandup, Mulund, Thane, Navi Mumbai, Panvel, Taloja and Uran areas.
India: Protest hits Adani plant, contract workers gherao officials
Anshuman Phadikar | The Telegraph India | December 24, 2021
Contract workers of Adani Wilmar Ltd’s refined-oil production unit in East Midnapore’s Haldia gheraoed management officials for over a day from Wednesday with their list of complaints that included “arrogant behaviour” by officials as well as “nonchalance” towards their charter of demands submitted a few months ago.
India: Adani taken aback by workers' demands at newly acquired Krishnapatnam port
India Shipping News | December 15, 2020
Scores of workers engaged in logistics operations at Krishnapatnam port have urged the management to provide job
protection, payment of wage arrears and eight-hour shifts, among other issues. The workers have joined the Centre of Indian Trade Unions (CITU) to press their demands.
India: Port workers accuse Adani of withholding lockdown-relief payments
Nityanand Jayaraman | Adani Watch | July 24, 2020
An Adani company has been accused of ignoring an order by the Government of India directing employers to pay their workers during the COVID-19 lockdown period.
India: 7 people died in an accident in Adani power plant on April 20th
Mahesh Langa | The Hindu | April 28, 2016
Hot water had splashed from pipeline due to which 21 workers sustained burn injuries out of which 13 were critical and shifted to a hospital in Ahemdabad. One person died on the way to Ahmedabad while six persons died subsequently during the treatment.
India: Worker killed in mishap at Adani plant
Times of India | December 31, 2014
Yet another mishap at the Adani Group’s Tiroda power plant left a worker dead and two others injured on Tuesday. A labourer missing from the site is feared trapped under the debris, that could not be cleared till late in the evening.
Australia: Concerns at Barrier Reef contractor's humanitarian, environment record
Jason Koutsoukis & Daniel Flitton | Sydney Morning Herald | September 5, 2014
The billionaire Indian magnate planning to ship millions of tonnes of coal through the Great Barrier Reef is facing accusations of massive exploitation of his Indian workforce - including underpayments and exposing them to cholera.
India: Labourer dies in mishap at Adani Power plant
DNA India | May 9, 2012
Santosh Bisen (30), a resident of village Berdipaar near here, died on the spot, while two others - Ramesh Bisen and Umesh Patle - sustained critical injuries and admitted to a hospital in Gondia, they said.
Financials
BankTrack's profile of Adani Group.
Netherlands-based BankTrack tracks the involvement of commercial banks in financing business sectors and specific activities with a negative impact on people and planet.
US to invest over $550 million in Sri Lankan port developed by Indian tycoon
EFE | November 8, 2023
The United States has decided to invest over half a billion dollars to support a Sri Lankan port project, developed by Indian billionaire Gautam Adani, as part of efforts by Washington and New Delhi to counteract Chinese influence in the crisis-ridden island nation.
UK: Abrdn braced for AGM climate protests over ‘toxic bond’ ties to beleaguered Adani Group
Charlie Conchie | City A.M. | May 10, 2023
Asset manager Abrdn is braced for protests at its annual general meeting today as climate campaigners take aim at its provision of debt financing to what they call “fossil fuel expansionists”, including controversial Indian multinational Adani Group.
Indigenous Australians to Investors: Dump Adani Group
Rainforest Action Network | August 22, 2022
The Wangan and Jagalingou Cultural Custodians of Queensland, Australia, are calling on Adani’s major investors – HSBC, JP Morgan, MUFG and BlackRock – to stop financing the Adani Group.
Norway wealth fund puts Adani Ports, other companies on watch list
Business Today | March 8, 2022
Adani Ports' exclusion is due to involvement in building a port terminal in military-ruled Myanmar, it said in a statement.
BlackRock’s $1.2 billion investments in Adani coal and gas projects are accelerating global warming
Tim Buckley | Climate and Capital Media | December 3, 2021
Adani is possibly the largest single private developer of new coal projects globally with 110 million metric tonnes per annum of new Indian coal mine capacity under development and 9GW of new coal power plants.
USA: Banks hit by ‘fraud’ complaint to SEC over Adani SLB coal links
Jon Hay | Global Capital | October 21, 2021
An NGO has filed a complaint at the US Securities and Exchange Commission, accusing the lead managers of Adani Electricity’s sustainability-linked bond, issued in July, of securities fraud for failing to disclose properly its links with coal power.
UK banks’ support for coal industry has risen since 2015 Paris climate pact
Jasper Jolly & Kalyeena Makortoff | The Guardian | May 4, 2021
Standard Chartered provided services worth $4.6bn in 2019, and has funded India’s Adani and Power Finance Corp, as well as South Korea’s Posco.
Australia: Anti-Adani protesters invade pitch during India-Australia ODI, appeal to SBI to ‘bowl out Adani loan’
National Herald India | November 27, 2020
The growing public sentiment against Adani Group chairman Gautam Adani in Australia came to the fore at Sydney Cricket Ground, where the first ODI between India and Australia was being played, on Friday when two protestors holding placards which read “State Bank of India: No $1 BN Adani Loan’ made their way into the field.
Australia: Samsung Securities pledges no further financial backing for Adani coal after protest
Graham Readfearn | The Guardian | July 17, 2020
A company in the Samsung group will not provide any further financial backing for Adani’s coal port in Queensland or any of the company’s coal projects just days after protests targeted the group’s electronics brand.
Australia: World’s largest insurance broker under pressure over support for Adani and other coal projects
Ben Smee | The Guardian | March 4, 2020
Senior executives at the world’s largest insurance broker, Marsh, will meet in the US this week to decide a new global position on coal projects, including whether to continue support for the Adani Carmichael coalmine.
Australia: Global insurance companies face pressure to refuse support for Adani Group’s Carmichael coal mine
Insure Our Future | December 6, 2018
73 organizations, representing a combined membership of more than 76 million people, are sending an open letter to 30 global insurance companies today, calling on them to publicly rule out any insurance services for Adani Group’s Carmichael coal mine and associated rail project in Queensland, Australia.
Click here for the latest list.
Political Influence
India: ‘Adani was giving cash to not question’: Mahua Moitra amid bribery charge
India Today | October 27, 2023
In an exclusive interview with India Today, her first since the cash-for-query row began, Moitra said, "Mr Adani has approached me via two Lok Sabha MPs in the last three years to sit across the table with him and work out a deal I have refused. The issue is, he was giving cash to not question."
India: Govt Revokes Tax Exemption Status of 4 More NGOs, 'Protest Against Adani' Reason for 2 Removals
The Wire | October 16, 2023
The Income Tax department has revoked the tax exemption status of four more non-governmental organisations (NGOS) with the revocation for two of the NGOs having been linked to protests against the Adani Group.
India: Advantage Adani: Power industry lobbies, coal ministry unlocks dense forests for mining
Shreegireesh Jalihal | The Reporters' Collective | October 9, 2023
Coal ministry over-rode environment ministry and its mining experts to do away with ban on mining in the densest forests in the country.
India cracks down on critics of coal
Gerry Shih, Karishma Mehrotra & Anant Gupta | The Washington Post | June 5, 2023
On Sept. 7, Indian tax authorities simultaneously raided three seemingly unrelated nonprofit organizations without issuing a public statement, confounding many in Indian academia and politics. But one little-known thread connected the three groups: Each was seen by the government to be a critic of Gautam Adani, one of India’s richest men and a political ally of Prime Minister Narendra Modi.
India: How political will often favors a coal billionaire and his dirty fossil fuel
Gerry Shih, Niha Masih & Anant Gupta | The Washington Post | December 9, 2022
The tale of Gautam Adani’s giant power plant reveals how political will in India bends in favor of the dirty fuel.
Explosive allegations about Adani, Sri Lanka and the PM of India
Adani Watch | July 5, 2022
In Sri Lanka, a senior bureaucrat caused a storm when he alleged that the Sri Lankan government had been subjected to Indian pressure to favour the Adani Group with the awarding of an energy contract.
Australia: Adani gave $200,000 to Coalition weeks after securing approvals
Lydia Linch | Brisbane Times | February 3, 2020
Indian mining giant Adani donated $200,000 to the Liberal and National parties in the month after it secured federal approval for its controversial Carmichael coal mine.
India's Adani, NTPC sought extension of deadlines to curb coal plant emissions: documents
Sudarshan Varadhan | Reuters | January 7, 2020
Top Indian coal-fired power generators Adani Power and NTPC Ltd have sought two-to-three-year extensions of deadlines to install emissions-cutting equipment at some plants, according to documents reviewed by Reuters, even as the country battles rampant pollution.
Australia: The Adani lobbyist and Labor insider who smoothed the way for the mega mine
Stephen Long | ABC News | November 22, 2017
Headed by Cameron Milner, a former Queensland ALP state secretary, the lobbying firm Next Level had helped Adani get pretty much everything it wanted — through an extraordinarily intense campaign.
Adani wants Aus law to restrain greens from opposing coal mine
The Business Standard | December 7, 2015
With its USD 15 billion Carmichael coal mine stuck since 2010 for want of green nod, Adani group has requested the Australian government to draft a special law prohibiting green groups from seeking repeated judicial reviews of environmental approvals.
& Evasion
India’s Adani Group Faces Scrutiny After Its Secret Investors are Revealed
OCCRP | September 1, 2023
The two men invested hundreds of millions of dollars in publicly traded Adani stock through opaque investment funds based in the island nation of Mauritius.
India: Illegal Profiteering Charge on Adani Real Estate JV
Sourodipto Sanyal & Paranjoy Guha Thakurta | News Click | December 30, 2019
The National Anti-profiteering Authority has alleged that a joint venture by Adani Realty and the M2K Group earned illegal profits by not passing on tax benefits to over 400 apartment-owners in Gurugram in Haryana.
Web of Australian Adani solar companies leads to offshore tax havens
Joshua Robertson | The Guardian | October 18, 2017
Adani has spread its use of offshore tax havens to its Australian solar projects, providing another avenue that could allow the wealthy Indian family behind the transnational to legally minimise tax paid on income from local operations.
Adani Australia: Investigation uncovers tax haven ties to British Virgin Islands
Stephen Long, Wayne Harley & Mary Fallon | ABC News | October 2, 2017
An investigation by the ABC's Four Corners program has uncovered previously unknown tax haven ties for Adani Group's Australian operations, with key assets ultimately owned in the British Virgin Islands.
India: Adani mining giant faces financial fraud claims as it bids for Australian coal loan
Michael Safi | The Guardian | August 15, 2017
Allegations by Indian customs of huge sums being siphoned off to tax havens from projects are contained in legal documents but denied by company.
India: Adani group MD arrested for tax evasion; released on bail
Economic Times | February 28, 2010
CBI arrested Rajesh Adani in connection with an investigation into non-payment of customs duty of Rs 80 lakh on import of naphtha worth Rs 50 crore.
India: Setback for Adani’s Gondkhairi coal project due to public outcry
Ayaskant Das | Adani Watch | October 24, 2023
A public hearing about the proposed Gondkhairi underground coal mine had to be called off mid-session because of ‘public sentiment’.
Asia’s richest man Gautam Adani reveals global media ambitions
Chloe Cornish & Benjamin Parkin | Financial Times | November 25, 2022
Speaking in the group’s skyscraper headquarters outside Ahmedabad, the largest city of his home state Gujarat, Adani said he saw his push into media, including the NDTV purchase, as a “responsibility” rather than a business opportunity.
India: Adani plans climate crisis think tank, experts weigh in
Hindustan Times | June 9, 2022
The proposed conglomerate would involve experts who can contribute to “policymaking that can both usher in a green transition and enable people in developing economies to aspire to higher living standards,” an Adani spokesperson said.
Crooked not courageous: Adani renames Australian group Bravus, mistaking it for 'brave'
Naaman Zhou | The Guardian | November 5, 2020
Mining company Adani has changed its name to a Latin word that means “crooked”, “deformed”, “mercenary or assassin”, after mistakenly thinking that it meant “brave”.
Australia: Queensland extinguishes native title over Indigenous land to make way for Adani coalmine
Ben Doherty | The Guardian | August 31, 2019
The Queensland government has extinguished native title over 1,385 hectares of Wangan and Jagalingou country for the proposed Adani coalmine in Queensland’s Galilee Basin - without any public announcement of the decision.
Adani mine: Australia approves controversial coal project
BBC | June 13, 2019
The Carmichael mine, in Queensland's Galilee Basin, has been the subject of years of hold-ups over environmental approvals. But it was given the go-ahead by the state government on Thursday, after earlier receiving federal approval.
Procurement
India: How Adani won a coal block as the sole bidder in a government ‘auction’
Ayaskant Das | Adani Watch | November 7, 2023
In August 2022, the Adani Group won ownership of the Gondbahera Ujheni East coal block in central India, despite there being no other bidders in this so-called ‘auction’.
India: Central Bureau of Investigation (CBI) files criminal case against Adani Enterprises
Shaswati Das | Mint Press | January 16, 2020
The Central Bureau of Investigation (CBI) has filed a criminal case against Adani Enterprises Ltd for colluding with officials of the National Cooperative Consumers’ Federation (NCCF) to unfairly win a contract for supplying coal to an Andhra Pradesh government-owned company.
Australia: Secret dealings: state-owned Queensland water company refuses to outline Adani relationship
Joe Hinchliffe & Ben Smee | The Guardian | July 27, 2022
A Queensland government-owned water corporation is holding back 96 documents detailing its business dealings with Adani, refusing to answer questions or release any information about the nature of agreements it says are commercial in confidence.
India: Congress accuses Modi government of ‘favouring’ Adani group in ₹45,000 crore submarine project
The Hindu | January 15, 2020
The Congress on Wednesday accused the Prime Minister Narendra Modi-led government of "favouring" the Adani group in the ₹45,000 crore 75-I Submarine project, alleging that it was promoting its "crony capitalists".