Adani Green Energy Plans Dollar Bond Issue for April-June 2025, Says CFO

He had earlier, through a post on X, formerly known as Twitter, clarified that none of the group’s 11 public companies or their subsidiaries are defendants in the case filed by the US Department of Justice, nor are they accused of wrongdoing. Singh also mentioned that the group had disclosed potential risks earlier in its February 2024 offering circular and that the allegations remain unproven.

The comment comes Adani Group shares rallied strongly on Friday, gaining over Rs 50,000 crore in market value. Shares of Adani Green Energy led the gains, hitting the upper circuit for the third consecutive session with a 23% surge. Adani Energy also reached its 19% rally. Other group entities, including Adani Power, Adani Total, and NDTV, rose by 3-5%. Adani Ports, Ambuja Cement, and Adani Wilmar also posted gains.

The rally in Adani Group stocks came after the conglomerate issued a clarification in response to an indictment filed by the US Department of Justice last week. The group stressed that its leadership had not been indicted for any violations of the Foreign Corrupt Practices Act, and this helped restore investor confidence.

This surge in Adani Group shares reflects renewed optimism among investors, buoyed by the company’s strong international partnerships, robust domestic support, and its ongoing focus on renewable energy and critical infrastructure projects. These positive developments mark a significant recovery for the group following a period of challenges, signalling a return to stability and growth for the conglomerate.