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Gautam Adani

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Latest moves

Oct 5, 2026 edition
Gautam AdaniInvestmentEnergyPrivateAI read · ▲ Scale-up

Adani Green builds world's largest battery storage site

The move

Adani Green Energy expanded operational battery storage capacity at its Khavda, Gujarat site to 6.63 gigawatt-hours, up from 3.55 GWh in June, reaching the milestone within 14 months of starting construction. The company says Khavda is now the largest operational battery storage installation at a single location in the world and accounts for more than half of India's roughly 12.6 GWh of operational battery storage capacity. Adani Green is targeting more than 10 GWh of additional capacity in fiscal 2026-27 and 50 GWh within five years.

Why it matters

Battery storage is what lets Adani's giant Khavda renewable energy complex supply power around the clock, not just when the sun shines or wind blows.

The bear case

Scaling battery manufacturing and sourcing this fast raises supply-chain and safety-oversight questions that haven't been tested at this size.

What to watch

Progress toward the 10 GWh fiscal-year target.

Source · PV Magazine IndiaRead original ↗Report an error
Sep 29, 2026 edition
Gautam AdaniPolicyIndustrialsAdani Enterprises, Adani Power, Adani PortsAI read · — Case closed

Adani settles six-year SEBI shareholding case

The move

Gautam Adani, four Adani Group companies and 13 others settled with India's markets regulator SEBI on Sept. 28, paying Rs 1.48 crore combined over alleged violations of minimum public shareholding rules. The case covered Adani Enterprises, Adani Power, Adani Ports and Adani Energy Solutions, and traced back to complaints SEBI received in 2020. The settlement doesn't require Adani to admit or deny the violations.

Why it matters

It closes one of the longest-running regulatory overhangs on the Adani Group, six years after the original complaints and about a year after a U.S. bribery indictment kept scrutiny high.

The bear case

A settlement this small relative to Adani's size won't quiet critics who say Indian regulators go easy on the group; expect the optics to get more attention than the money.

What to watch

Whether other pending SEBI or U.S. cases against Adani Group move toward resolution.

Source · ThePrintRead original ↗Report an error
Sep 28, 2026 edition
Gautam AdaniInvestmentIndustrialsADANIENT.NSAI read · ▲ Long-range bet

Adani pledges ₹1 lakh crore for West Bengal by 2035

The move

Gautam Adani announced Sept. 24 his group will invest more than ₹1 lakh crore (100,000 crore rupees) in West Bengal by 2035 across ports, power, roads, green cement and data centers, plus over ₹4,000 crore for a 2,000-bed hospital, the Adani Arogya Mandir.

Why it matters

It's one of Adani's largest state-level commitments and extends his ports-and-infrastructure empire into a state where his group has historically had less presence.

The bear case

Adani has made large multi-year state investment pledges before; with a timeline stretching to 2035, how much is new capital versus long-range aspiration will only show up over years.

What to watch

Ground-breaking and first-phase spending on the Bengal projects and the linked hospital.

Source · Business TodayRead original ↗Report an error
Sep 27, 2026 edition
Gautam AdaniInvestmentIndustrialsPrivateAI read · ▲ Long-term bet

Adani pledges ₹1 lakh crore for West Bengal over a decade

The move

During a visit to Kolkata on Sept. 25, Gautam Adani said Adani Group will invest ₹1 lakh crore (about $11.3 billion) in West Bengal over the next decade, covering ports, logistics, power generation and distribution, roads, ropeways, green cement and hyper-scale data centers. He also laid the foundation for a ₹4,000-crore, 2,000-bed hospital, Adani Arogya Mandir, in New Town, with 1,000 beds set aside for affordable treatment, plus funding to restore Kolkata's historic Writers' Building and the Kumartuli potters' ghats.

Why it matters

It's one of Adani's largest single-state commitments and signals a push into a state his group has historically had less presence in, spanning both infrastructure and social investment like healthcare.

The bear case

A decade-long pledge across many sectors is easy to announce and hard to hold to; the real test is how much of the ₹1 lakh crore actually gets deployed on the promised timeline.

What to watch

Progress on the West Bengal projects, including the hospital and data-center buildout, through 2035.

Source · The WeekRead original ↗Report an error
Sep 24, 2026 edition
Gautam AdaniInvestmentOtherPrivateAI read · ▲ Bullish · scale play

Adani pledges over ₹1 lakh crore for West Bengal by 2035

The move

Gautam Adani said his group will invest more than ₹1 lakh crore in West Bengal by 2035, covering ports, logistics, renewable energy, power, roads, green cement and hyperscale data centers. He also laid the foundation for a 2,000-bed hospital in Kolkata, part of a separate ₹4,000 crore healthcare investment.

Why it matters

The announcement came a day after the Hurun India Rich List put Adani back ahead of Mukesh Ambani as India's richest person.

The bear case

Pledges over a decade-long horizon are easy to announce; how much becomes signed contracts depends on approvals and market conditions that can shift many times before 2035.

What to watch

How much of the pledge turns into signed contracts and groundbreakings over the next year.

Source · Business TodayRead original ↗Report an error

Recent SEC filings

This person doesn't file with the SEC.

Footprint

Companies

Adani Enterprises Ltd (AEL; group flagship/incubator: airports, data centres, new industries, roads, mining, NDTV)ADANIENT · NSE/BSE · Chairman · 74.67% · as of Mar 2026
More
Ticker
ADANIENT
Exchange
NSE/BSE
Role
Chairman; promoter
Stake
74.67% (Adani family/promoter group); S.B. Adani Family Trust largest holder at 49.67%
Stake as of
2026-03-31
source ↗
Adani Ports and Special Economic Zone Ltd (APSEZ)ADANIPORTS · NSE/BSE · Promoter · 68.02% · as of Mar 2026
More
Ticker
ADANIPORTS
Exchange
NSE/BSE
Role
Promoter (Adani family)
Stake
68.02%
Stake as of
2026-03-31
source ↗
Adani Green Energy Ltd (AGEL)ADANIGREEN · NSE/BSE · Promoter · 62.43% · as of Mar 2026
More
Ticker
ADANIGREEN
Exchange
NSE/BSE
Role
Promoter (Adani family)
Stake
62.43%
Stake as of
2026-03-31
source ↗
Adani Power Ltd (APL)ADANIPOWER · NSE/BSE · Promoter · 74.96% · as of Mar 2026
More
Ticker
ADANIPOWER
Exchange
NSE/BSE
Role
Promoter (Adani family)
Stake
74.96%
Stake as of
2026-03-31
source ↗
Adani Energy Solutions Ltd (AESL; transmission & distribution)ADANIENSOL · NSE/BSE · Promoter · 72.73% · as of Jun 2026
More
Ticker
ADANIENSOL
Exchange
NSE/BSE
Role
Promoter (Adani family)
Stake
72.73% at 2026-03-31; promoter group reported 74.29% after purchases Mar-Jun 2026
Stake as of
2026-06
source ↗
Adani Total Gas Ltd (ATGL; JV with TotalEnergies)ATGL · NSE/BSE · Promoter · 37.40% · as of Mar 2026
More
Ticker
ATGL
Exchange
NSE/BSE
Role
Promoter (Adani family)
Stake
37.40%
Stake as of
2026-03-31
source ↗
Ambuja Cements Ltd (Sanghi Industries merged in Mar 2026)AMBUJACEM · NSE/BSE · Promoter · 67.29% · as of Apr 2026
More
Ticker
AMBUJACEM
Exchange
NSE/BSE
Role
Promoter (Adani family)
Stake
67.29% (67.33% voting) w.e.f. 2026-04-10 after Sanghi merger share issue
Stake as of
2026-04-10
source ↗
ACC LtdACC · NSE/BSE · Controlled via Ambuja Cements · 50.05% · as of Mar 2026
More
Ticker
ACC
Exchange
NSE/BSE
Role
Controlled via Ambuja Cements (50.05%); Adani also directly holds 6.64%
Stake
50.05% via Ambuja + 6.64% direct
Stake as of
2026-03-31
source ↗
Orient Cement LtdORIENTCEM · NSE/BSE · Controlled via Ambuja Cements · 72.66% · as of Mar 2026
More
Ticker
ORIENTCEM
Exchange
NSE/BSE
Role
Controlled via Ambuja Cements
Stake
72.66% held by Ambuja
Stake as of
2026-03-31
source ↗
New Delhi Television Ltd (NDTV)NDTV · NSE/BSE · Controlled via Adani Enterprises media… · 69.02% · as of Mar 2026
More
Ticker
NDTV
Exchange
NSE/BSE
Role
Controlled via Adani Enterprises media arm
Stake
69.02% (Adani portfolio)
Stake as of
2026-03-31
source ↗
Adani Airport Holdings Ltd (AAHL; Mumbai, Navi Mumbai and other airports)100% subsidiary of Adani Enterprises · 100% · as of Mar 2026
More
Role
100% subsidiary of Adani Enterprises
Stake
100% (AEL)
Stake as of
2026-03-31
source ↗
AdaniConneX (data centres; JV with EdgeConnex)JV of Adani Enterprises · 50% · as of Mar 2026
More
Role
JV of Adani Enterprises
Stake
50% (AEL)
Stake as of
2026-03-31
source ↗
Adani New Industries Ltd (ANIL; solar modules, wind turbines, green hydrogen)100% subsidiary of Adani Enterprises · 100% · as of Mar 2026
More
Role
100% subsidiary of Adani Enterprises
Stake
100% (AEL)
Stake as of
2026-03-31
source ↗
Adani Road Transport Ltd (ARTL)100% subsidiary of Adani Enterprises · 100% · as of Mar 2026
More
Role
100% subsidiary of Adani Enterprises
Stake
100% (AEL)
Stake as of
2026-03-31
source ↗
Adani Sportsline (sports franchises)Adani Group sports arm
source ↗

Stakes

AWL Agri Business (formerly Adani Wilmar) - FULLY EXITED in 2025; Wilmar now holds ~64%, Adani realised ~Rs 15,729 croreAWL · 0% · as of 2025
More
Ticker
AWL
Stake
0% (exited)
Stake as of
2025
source ↗

Investment vehicles

S.B. Adani Family Trusttrust
More
Type
trust
Notes
Largest shareholder of Adani Enterprises (49.67%), held by Gautambhai and Rajeshbhai Shantilal Adani on its behalf
source ↗
Adani Infra (India) Ltdholding co
More
Type
holding co
Notes
Promoter-group entity that bought Adani Energy Solutions shares Mar-Jun 2026
source ↗
Ardour Investment Holding Ltdholding co
More
Type
holding co
Notes
Promoter-group entity that bought Adani Energy Solutions shares Mar-Jun 2026
source ↗
Carmichael Rail and Port Singapore Holdings Pte Ltdholding co
More
Type
holding co
Notes
Promoter-linked seller of NQXT Australia to APSEZ; received 143.8 million APSEZ shares (Dec 2025)
source ↗
Adani Properties Pvt Ltdholding co
More
Type
holding co
Notes
Group real-estate entity; proposed buyer of 88 Sahara properties
source ↗

Private deals

Adani Enterprises' Rs 14,535 crore resolution plan for insolvent Jaiprakash Associates (cement plants, hotels, NCR…May 2026
More
In full
Adani Enterprises' Rs 14,535 crore resolution plan for insolvent Jaiprakash Associates (cement plants, hotels, NCR land) approved by NCLT Allahabad (17 Mar 2026); NCLAT rejected Vedanta's appeal (4 May 2026)
Date
2026-05-04
source ↗
APSEZ completed 100% acquisition of NQXT Australia (Abbot Point, 50 MTPA) from promoter-linked Carmichael Rail and…Dec 2025
More
In full
APSEZ completed 100% acquisition of NQXT Australia (Abbot Point, 50 MTPA) from promoter-linked Carmichael Rail and Port Singapore Holdings for shares
Date
2025-12-23
source ↗
Adani Group sold its entire stake in AWL Agri Business (ex-Adani Wilmar) to Wilmar and investors, ~Rs 15,729 crore total2025
source ↗
Adani Power completed Rs 4,000 crore acquisition of 600 MW Vidarbha Industries Power (NCLT resolution)Jul 2025
source ↗
AdaniConneX partnered with Google on India's largest AI data-centre campus in Visakhapatnam (part of Google's ~$15B…Apr 2026
More
In full
AdaniConneX partnered with Google on India's largest AI data-centre campus in Visakhapatnam (part of Google's ~$15B India AI hub, 2026-2030); ground broken 28 Apr 2026
Date
2026-04-28
source ↗
Adani Enterprises raised Rs 15,000 crore via QIP (Q1 FY27) after Rs 24,930 crore rights issue in FY26Jul 2026
source ↗
Adani Properties' proposed ~Rs 12,000 crore purchase of 88 Sahara properties incl. Aamby Valley (Maharashtra) and…2025-2026
More
In full
Adani Properties' proposed ~Rs 12,000 crore purchase of 88 Sahara properties incl. Aamby Valley (Maharashtra) and Sahara Shaher (Lucknow), pending Supreme Court approval
Date
2025-2026
source ↗

Trophies

Gujarat Giants (Women's Premier League cricket) - bought by Adani Sportsline for Rs 1,289 crore in Jan 2023
source ↗
Adani Sportsline teams incl. Gujarat Giants (Pro Kabaddi League) and Gulf Giants (ILT20, UAE)
source ↗
NDTV (New Delhi Television) news network, controlled since 2022-23
source ↗

Legal & regulatory

US DOJ criminal case (EDNY 24-cr-433; alleged ~$265M Indian solar-contract bribery scheme): DOJ moved to dismiss May…
More
In full
US DOJ criminal case (EDNY 24-cr-433; alleged ~$265M Indian solar-contract bribery scheme): DOJ moved to dismiss May 2026; Judge Nicholas Garaufis permanently dismissed securities- and wire-fraud charges against Gautam Adani, Sagar Adani and Vineet Jain on 10 Aug 2026 while criticising DOJ; refused to drop two counts against five co-defendants pending more DOJ submissions
source ↗
SEC v. Adani (EDNY 24-civ-8080): settled without admitting/denying; court approved final judgments ordering civil…
More
In full
SEC v. Adani (EDNY 24-civ-8080): settled without admitting/denying; court approved final judgments ordering civil penalties of $6M (Gautam) and $12M (Sagar Adani) plus antifraud injunctions
source ↗
Court filings showed Adani's lawyers offered a $10B US investment 'as part of any resolution' of the criminal case…
More
In full
Court filings showed Adani's lawyers offered a $10B US investment 'as part of any resolution' of the criminal case; Senators Warren and Blumenthal pressed DOJ for answers (24 Sep 2026)
source ↗
OFAC civil settlement: Adani Enterprises Ltd, $275,000,000 (18 May 2026)
source ↗
SEBI closed Hindenburg-related proceedings against Adani group and Gautam Adani, finding no violation (18 Sep 2025)
source ↗
Government concessions: operates Mumbai and Navi Mumbai international airports (Navi Mumbai opened 25 Dec 2025…
More
In full
Government concessions: operates Mumbai and Navi Mumbai international airports (Navi Mumbai opened 25 Dec 2025; international ops 15 Jul 2026) and other airports; Ganga Expressway toll collection began 15 May 2026
source ↗

Giving

Adani Foundation / Rs 10,000 crore pledge (Feb 2025, at son Jeet's wedding) for hospitals, medical colleges, K-12 schools and skill academies
source ↗

What to watch

Remaining DOJ counts against five co-defendants in EDNY Adani bribery case; Garaufis sought further DOJ justification2026 (DOJ submissions were due 31 Aug…
More
In full
Remaining DOJ counts against five co-defendants in EDNY Adani bribery case; Garaufis sought further DOJ justification
When
2026 (DOJ submissions were due 31 Aug 2026)
source ↗
Congressional scrutiny of the $10B-investment offer tied to the dismissal (Warren/Blumenthal letter to DOJ)2026-09-24 onward
source ↗
Q2 FY27 (Jul-Sep 2026) results for Adani Enterprises and other listed group companies (Q1 was reported 29 Jul 2026)…Oct-Nov 2026 (expected)
More
In full
Q2 FY27 (Jul-Sep 2026) results for Adani Enterprises and other listed group companies (Q1 was reported 29 Jul 2026); exact dates not yet announced
When
Oct-Nov 2026 (expected)
source ↗
Supreme Court decision on Sahara's plea to sell 88 properties (incl. Aamby Valley) to Adani Properties
source ↗
Adani Airport Holdings IPO/demerger preparation, reportedly targeted around Jan-Mar 2027 (reports vary to 2028)2027 (reported)
source ↗
Integration of Jaiprakash Associates assets (cement, hotels, NCR land) after NCLAT clearance
source ↗