Adani’s Business World Spans from Australia to Israel

The Adani Group, which has been indicted by a U.S. court in a case of fraud and bribery and an arrest warrant has been issued against its chief Gautam Adani and his nephew Sagar Adani—though the conglomerate has denied; has its business projects all across the globe.

In Kenya, Adani Group has a power project worth $730 million—which has been cancelled after the U.S. court indictment, according to news reports on Friday.

In northern Israel, Adani Ports owns 70% of Haifa port while the rest is owned by Israel’s Gadot Group. In India too, most ports India have been given to Adani Ports. In Israel, Adani Ports bought the Haifa port in early 2023 for $1.2 billion.

In Queensland of Australia, the group bought Carmichael coal mine project in 2010. The mining has reportedly created a lot environment issues, according to media reports.

The Adani Ports owns 51% of a new container terminal project in Colombo, the capital city of Sri Lanka.

Adani Power has a 1,600 megawatt Godda plant in eastern India's Jharkhand state that only exports electricity to Bangladesh's capital Dhaka. But power supply to Bangladesh now has been stopped after Bangladesh failed to pay $800 million dues.

The group is exploring building hydroelectric projects in countries such as Nepal, Bhutan, Kenya, Tanzania, the Philippines and Vietnam, according to a report of global news agency Reuters.

India’s principal opposition party, Indian National Congress, has asked Narendra Modi-led government to honour the order of the U.S. court and arrest Adani Group chief Gautam Adani and his nephew Sagar Adani.