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[SITUATION] · [QUIET]
16 clusters · 66 sources · 60 days · First seen · Last updated
Categories: BUSINESS
Adani Group FY26 AGM, nuclear push, US DOJ case dismissed
Overview
At its 34th AGM in Ahmedabad, the Adani Group laid out a FY 2025‑26 hard‑infrastructure plan of over Rs 1.5 lakh crore – roughly 30 % of private‑sector capex – with projected revenue of Rs 2.92 lakh crore and EBITDA of Rs 82,917 crore. Chairman Gautam Adani described a three‑pillar roadmap: layered governance, long‑term contractor partnerships and a worker‑dignity programme for about 400,000 site staff.
Key projects include expanding Khavda Renewable Park to 30 GW, launching a 10 GW nuclear programme by 2035 through the new Adani Atomic Energy, handling 420 million tonnes of cargo at Adani Ports, commissioning a 1 MMTPA copper smelter and pursuing a Rs 2 lakh crore power‑expansion plan to reach 45 GW. The group also targets a 3 GW data‑centre platform by 2030, a gigawatt partnership with Google, the “Vande Bharatam” innovation mentorship scheme, and a Rs 20,000 crore integrated airport‑city hub programme on 655 acres across five states. A de‑merger of incubating businesses is slated for FY 2028, and the Adani Foundation recorded a record 52,306 blood donations.
In the United States, after a federal judge ordered the Department of Justice to explain its earlier dismissal request, the DOJ filed a motion to dismiss the indictment on 4 July 2026. On 9 July the court required an affidavit from Gautam Adani. The following day the DOJ announced it was dropping the bribery indictment, stating the matter was “foreign” and should not be pursued. Adani continues to deny wrongdoing and has offered a $10 billion investment as part of a potential settlement while contesting a related SEC civil case.
Timeline
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17 days ago
[BUSINESS] 2 sourcesUS DOJ Drops Bribery Case Against Indian Billionaire Gautam AdaniUS DOJ dropped the bribery indictment against Indian billionaire Gautam Adani over alleged $265 million payments for a solar project, citing a senior official’s view that the case was foreign.
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24 days ago
[BUSINESS] 2 sourcesUS Court Demands Gautam Adani Explain DOJ Bribery Case DismissalU.S. Judge Nicholas Garaufis ordered Gautam Adani to explain whether any quid‑pro quo existed in the DOJ’s move to dismiss a $265 million bribery indictment involving Indian officials.
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29 days ago
[BUSINESS] 2 sourcesUS Justice Department says Adani investors lost no money, moves to dismiss chargesThe US Justice Department told a New York court that no investor lost money on the securities behind the criminal case against Indian billionaire Gautam Adani, saying the lack of loss and legal weaknesses merit
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29 days ago
[BUSINESS] 4 sourcesUS DOJ defends dismissal of charges against Indian billionaire Gautam AdaniThe U.S. Justice Department argued that courts lack authority to review its decision to dismiss all charges against Indian billionaire Gautam Adani, citing constitutional separation of powers and executive‑only
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29 days ago
[BUSINESS] 13 sourcesUS Justice Department seeks permanent dismissal of Gautam Adani caseThe U.S. Justice Department seeks to permanently dismiss all charges against Gautam Adani, calling the case a foreign, “name‑and‑shame” prosecution with little chance of trial and no U.S. interest.
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about 1 month ago
[BUSINESS] 3 sourcesAdani Group indictment dismissal order called routine by US legal expertA U.S. judge ordered the DOJ to respond on its motion to dismiss the Adani Group indictment; a legal expert called the step routine, and Adani says the case is flawed and outside U.S. jurisdiction.
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about 1 month ago
[BUSINESS] 2 sourcesGautam Adani sets three guiding principles for Adani Group's next decadeGautam Adani outlined three principles—streamlined structure, stronger contractor ties, and worker dignity—to guide the Adani Group for the next decade.
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about 1 month ago
[BUSINESS] 17 sourcesAdani Group Rolls Out Record Infrastructure Spending, 10 GW Nuclear Goal and Rural Entrepreneurship DriveAdani Group disclosed a record Rs 1.5 lakh crore FY26 infrastructure spend, set a 10 GW nuclear target by 2035, launched the Vande Bharatam rural entrepreneurship programme, and recorded a 52,306‑unit blood‑don
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about 2 months ago
[BUSINESS] 2 sourcesAdani Ports to Invest $100 Million in AI‑Driven Operations at 15 TerminalsAdani Ports will invest up to $100 million to deploy AI‑based operating systems at 15 terminals, targeting higher productivity and an extra 91 million tonnes of capacity by 2030.
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about 2 months ago
[BUSINESS] 2 sourcesGautam Adani Tops Forbes Asia List with $89 bn Net WorthGautam Adani now tops Forbes’ Asia rich list with a $89.2 bn net worth, surpassing Mukesh Ambani, after U.S. fraud allegations were dropped.
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about 2 months ago
[BUSINESS] 3 sourcesGautam Adani Reclaims Title as Asia's Richest with $89.2 Billion Net WorthGautam Adani's net worth hit $89.2 billion, overtaking Mukesh Ambani and Masayoshi Son, after U.S. fraud charges were dropped and Adani Group stocks rallied.
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2 months ago
[BUSINESS] 3 sourcesAdani Group declares US legal issues settled and pivots to infrastructure and AI investmentsAdani Group says US legal issues are settled and will focus on infrastructure and AI, having spent over Rs 1.5 lakh crore in FY25‑26; its flagship Adani Enterprises stock slipped slightly amid the news.
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2 months ago
[BUSINESS] 3 sourcesGautam Adani says US legal challenges cleared, pivots to AI‑driven infrastructure growthGautam Adani says US legal issues are behind the Adani Group, which now targets rapid expansion in AI‑driven energy, transport, logistics and digital infrastructure, reporting FY2025‑26 revenue of 2.92 lakh cro
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2 months ago
[BUSINESS] 2 sourcesUS Justice Department Drops Bribery Allegations Against India's Adani GroupThe US DOJ dismissed the Adani Group bribery case, citing lack of evidence and jurisdiction, bolstering India‑US economic ties and investor confidence.
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2 months ago
[BUSINESS] 2 sourcesUS Business Leaders Applaud Closure of Adani Group DOJ ProbeUS business leaders say the Adani Group probe lacked evidence, was outside U.S. jurisdiction, and its closure will boost India‑US economic ties and investor confidence.
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3 months ago
[BUSINESS] 21 sourcesUS Justice Department Drops Fraud Charges Against Indian Billionaire Gautam AdaniU.S. drops fraud and bribery charges against Gautam Adani, settles sanctions case; $10 bn investment pledge follows, shares jump.
Sources
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