China Road and Bridge Corporation (CRBC) secured a US$1.2 billion contract to modernize Kenya's Jomo Kenyatta International Airport, replacing a collapsed deal with India's Adani Group. This highlights China's growing infrastructure dominance in Africa, driven by competitive financing and lower costs compared to Western firms.
Adani Group plans a massive Rs 90,000-1 lakh crore investment in its airports over five years. The group will bid for 11 new airports to boost India's aviation economy, starting with commercial flights from Mundra.
The Adani Group is exploring significant infrastructure investments in West Bengal, including a proposed tunnel under the Hooghly river and a deep-sea port. The conglomerate seeks a clear policy framework to encourage investment in projects like power generation and distribution, aiming to boost connectivity and economic growth.
Adani Group and Embraer have chosen Dholera, Gujarat, to establish a regional jet assembly line. This collaboration aims to enhance India's aircraft manufacturing capabilities, supporting the Regional Transport Aircraft program and UDAN scheme, with airline commitments being key.
Adani Group companies achieved a record capital expenditure of Rs 1.53 lakh crore and an all-time high EBITDA of Rs 94,834 crore in FY26, with 80% of investments targeting energy, utilities, transport, and logistics. Leverage was maintained below the 3.5x target at 3.3x.
IntelliSmart Infrastructure, India's leading smart meter platform, is in the final stages of its sale process. An Adani Group entity is among four shortlisted bidders, with binding bids expected by mid-June. The transaction is anticipated to value IntelliSmart at approximately $400 million.
Dalmia Bharat is acquiring Jaiprakash Associates' cement business from Adani Group for ₹2,850 crore, adding 5.2 million tonnes of capacity. The deal, expected to close soon, will boost Dalmia Bharat's total capacity to 66.7 million tonnes by FY28, strengthening its pan-India presence.
Adani Group has paid the first installment of ₹6,000 crore towards its ₹14,535 crore resolution plan for Jaiprakash Associates, marking a significant step in a long-running insolvency case after judicial clearance.
Adani Group stocks surged after the US DOJ dropped criminal charges against Gautam Adani and nephew. The group also settled civil sanctions violation allegations with the US Treasury for $275 million, without admitting guilt.
US authorities are reportedly closing investigations into Indian billionaire Gautam Adani and his Adani Group. The Treasury Department settled a case for $275 million over Iran sanctions violations, while the DOJ is expected to drop bribery and fraud charges.
Adani Group chairman Gautam Adani and his nephew Sagar will pay a combined $18 million to settle a civil fraud case filed by the US SEC. The case involved allegations of a bribery scheme to secure solar power contracts.
Gautam Adani and Sagar Adani settle SEC civil fraud lawsuit for $18M over bribery and investor deception allegations, while the DOJ moves to drop criminal charges amid reported pledges of $10B US investment and 15,000 jobs.
The U.S. government has settled a lawsuit against Indian billionaire Gautam Adani and his nephew Sagar Adani, alleging they concealed a bribery scheme to secure Indian government contracts for their solar energy project, violating U.S. securities laws. The Adanis agreed to pay $18 million in civil penalties without admitting guilt, and related criminal charges are likely to be dropped following the suspension of the Foreign Corrupt Practices Act by President Trump.
Gautam Adani's conglomerate announces a major organisational overhaul with a leaner three-layer structure to speed up decision-making and improve execution as India's infrastructure sector grows. The group plans to deploy $100 billion over 5-6 years, build accommodation for 50,000 workers, and invest $527 million in a township in Mundra, Gujarat. Adani Enterprises will raise up to 150 billion rupees through a share sale. The group faces operational challenges with its copper smelter in Kutch and is seeking dismissal of a US fraud case.
The US Department of Transportation has challenged the Adani Group's directive to move cargo carriers to its new Navi Mumbai airport, citing potential violations of the bilateral Air Transport Agreement and concerns over the conglomerate's market influence.
