The Adani Group companies have been in focus after the US leveied bribery charges on Gautam Adani, his nephew and 6 others. Not only was there a sharp drop in the Adani Group’s market capitalisation but some of the global deals have also saw the impact. In fact Kenya has cancelled multimillion-dollar airport expansion and energy deals with Adani Group.

Here’s a closer look at the group’s major overseas projects and the businesses globally –

Haifa Port, Israel: Strategic Gateway in West Asia
Adani Ports holds 70 per cent stake in Haifa Port in northern Israel. It had acquired the stake in 2023 for $1.2 billion in partnership with Israel’s Gadot Group. This acquisition was seen as a significant step in establishing a trade corridor connecting Israel with rest of West Asia including Saudi Arabia,.

Business impact
Revenue Generation: Haifa Port contributes approximately 3 per cent of Adani Ports’ annual cargo volumes.

Regional Influence: The project underscores Adani’s intent to leverage strategic trade hubs for regional connectivity, enhancing its presence in West Asia.

Carmichael Mine, Australia: A Controversial Energy Venture
The Carmichael coal mine in Queensland, purchased in 2010. Iperations were however delayed due to environmental protests. Despite initial plans for a 60-million-tonne annual output, the mine’s current capacity is 10 million metric tonnes. Recently, allegations of racism at its Australian unit have further complicated operations.

Business Impact

Environmental and Social Costs: The mine has been a flashpoint for climate activists.

Limited Output: Lower-than-expected production levels may hinder profitability

Colombo Port, Sri Lanka: Boosting Regional Connectivity
Adani Ports owns 51 per cent stake in the West Container International Terminal at Colombo Port, a strategic location in the Indian Ocean region. Set to commence operations in 2024, the project has attracted $553 million in financing from the US International Development Finance Corporation.

Business Impact

Economic Partnerships: This venture strengthens Adani’s ties in Sri Lankan market

Geopolitical Leverage: The terminal enhances India’s influence in South Asia’s maritime logistics.

Bangladesh Power
The 1,600 MW Godda plant in Jharkhand, India, exports power exclusively to Dhaka, Bangladesh. Despite operations beginning in April 2023, supply disruptions and outstanding payments exceeding $800 million reflect the challenges of cross-border energy partnerships.

Business Impact
Debt Recovery: Payment delays from Bangladesh government heighten financial risk.

Energy Diplomacy: Adani’s role as a major energy supplier positions it as key player across South Asia

Overseas Hydroelectric Plans: Expanding Renewable Energy
Adani Group aims to develop 10 GW of hydroelectric projects across Nepal, Bhutan, Kenya, Tanzania, the Philippines, and Vietnam. These ventures align with the global shift toward renewable energy but require substantial investment and long-term planning.

Business Impact
Green Energy Transition: Investing in hydroelectric projects strengthens Adani’s renewable energy portfolio.

Market Diversification: Expanding into multiple regions reduces dependence on specific markets.

Tanzania: Modernising East Africa’s Ports
In early 2024, Adani Ports signed a 30-year agreement to operate Dar es Salaam’s main container terminals. This $39.5 million investment includes partnerships with Abu Dhabi-based AD Ports Group and East Africa Gateway.

Business Impact
Regional Development: The project underscores Adani Group’s role in modernising East Africa’s trade infrastructure.

Long-term Growth: A stable partnership in Tanzania positions Adani Group for sustained revenue in the region.

Vietnam: Exploring Airports and Energy Opportunities
Vietnam has emerged as a focal point for Adani Group’s investments, with plans to develop two airports and explore renewable energy projects worth $3 billion.

Business Impact
Aviation and Renewable Energy: Diversifying could yield long-term returns in Southeast Asia’s fast-growing markets.

Strategic Partnerships: Collaboration with Vietnamese authorities enhances Adani’s footprint in the region.


The bribery allegations against Gautam Adani and 7 others have perhaps cast a shadow of concern on the group’s international projects. Moving forward industry observers pointed out that strategic partnerships, financial prudence and addressing reputational risks are key to sustaining broad based growth.

(With Reuters inputs)