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Company Directory - Adani Green Energy Limited

Company Details - Adani Green Energy Limited

Adani Green Energy Limited Logo

Adani Green Energy Limited

Website

Ahmedabad, India

NSE: ADANIGREEN 

Adani Green Energy is a subsidiary of the Adani Group focused on renewable energy. The company develops, constructs, owns and operates utility-scale solar and wind power projects in India and has experienced a significant decline in market value in recent times.

CCI Score

CCI Score: Adani Green Energy Limited

-57.88

0.03%

Latest Event

Bribery Allegations and Regulatory Scrutiny Impacting Adani Green Energy

Adani Green Energy is facing significant market cap losses amid allegations of a $265 million bribery case and regulatory scrutiny. These concerns raise questions about the company's public and political behavior as well as its ethical business practices, potentially contributing to broader authoritarian influences.

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QUISLING

Adani Green Energy Limited is currently rated as a Quisling.

-44 to -59 CCI Score
These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

  • Bribery Allegations and Regulatory Scrutiny Impacting Adani Green Energy Logo
    MAR
    24
    2025

    Adani Green Energy is facing significant market cap losses amid allegations of a $265 million bribery case and regulatory scrutiny. These concerns raise questions about the company's public and political behavior as well as its ethical business practices, potentially contributing to broader authoritarian influences.

  • Adani Group Faces Environmental and Regulatory Scrutiny Logo
    MAR
    21
    2025

    Amid mounting allegations of environmental law violations and political wrangling over regulatory rule changes, the Adani Group is under fire for potentially compromising ethical business practices and exerting undue influence over regulatory processes.

  • -40

    Business Practices and Ethical Responsibility

    March 24

    The article details allegations that the Adani Group initiated major projects without securing proper environmental clearance, indicating a disregard for legal and ethical business standards. Such practices not only harm the environment but also undermine public trust and accountability, contributing to a broader culture of corporate impunity.

    Adani Group defends key projects amid alleged environmental law violations

  • -30

    Economic and Structural Influence

    March 24

    The political wrangling surrounding rule changes and regulatory controversies, along with an apparently favorable rating upgrade despite previous indictments, suggest that the Adani Group may be leveraging its economic clout to influence regulatory bodies. This behavior raises concerns regarding regulatory capture and the undermining of public interests.

    Adani Group defends key projects amid alleged environmental law violations

  • Bribery Scandal and Financial Crisis Impact at Adani Green Energy Logo
    NOV
    27
    2024

    Adani Green Energy came under intense scrutiny following the U.S. indictment of its chairman, executive director, former CEO, and others over an alleged $265 million bribery scheme. This scandal has led TotalEnergies, a major investor with joint renewable projects, to pause further financial contributions, raising serious concerns about the company’s ethical business practices and political conduct.

  • -50

    Public and Political Behavior

    March 24

    The indictment related to a $265 million bribery scheme highlights a pattern of corrupt conduct that undermines transparency in political interactions. Such behavior sows distrust in democratic institutions and can contribute to authoritarian trends by bypassing proper accountability mechanisms.

    TotalEnergies CEO says pausing Adani business won't impact renewable targets

  • -60

    Business Practices and Ethical Responsibility

    March 24

    The high-value bribery allegation reflects severe deficiencies in ethical business practices and corporate governance. This breach not only damages the company’s reputation but also poses long-term risks by normalizing corrupt behavior that can facilitate authoritarian practices through illicit influence.

    TotalEnergies CEO says pausing Adani business won't impact renewable targets

  • Adani Green Energy Faces Indictment Amid Political & Ethical Controversies Logo
    NOV
    27
    2024

    Adani Green Energy, a major player in India’s renewable energy sector, has been implicated in a U.S. indictment on bribery charges. The legal woes not only raise questions about the company's business practices but also highlight its close ties with the ruling government, suggesting potential complicity in authoritarian-friendly behavior.

  • -40

    Public and Political Behavior

    March 24

    Adani Green Energy’s involvement in a major bribery indictment indicates a worrisome level of political misconduct, suggesting attempts to unduly influence political processes. Combined with its well-known connections to the Modi government, this reflects negatively on its public and political behavior from an anti-fascist perspective.

    What Adani’s Indictment Means for India’s Clean Energy Sector

  • -35

    Business Practices and Ethical Responsibility

    March 24

    The bribery charges levied against Adani Green Energy are indicative of significant ethical shortcomings in its business practices. Such legal challenges undermine investor trust and signal a disregard for ethical responsibility in the face of rapid expansion, contributing negatively from an anti-fascism and social justice perspective.

    What Adani’s Indictment Means for India’s Clean Energy Sector

  • Adani Green and Azure Power Bribery Allegations: SEC Unveils Extensive Details Logo
    NOV
    22
    2024

    SEC and DoJ allegations report that Adani Green Energy, alongside Azure Power, engaged in bribery to secure state power supply agreements. The complaints detail illicit financial transactions and pressure tactics involving senior leadership, including Gautam Adani, undermining democratic processes and ethical business practices.

  • -80

    Public and Political Behavior

    March 24

    The SEC allegations reveal that Adani Green Energy engaged in bribery schemes by facilitating state power supply agreements through illicit financial incentives, thereby undermining democratic oversight and public trust in corporate behavior.

    Adani Green and Azure Power Bribery Allegations: SEC Unveils Extensive Details

  • -75

    Business Practices and Ethical Responsibility

    March 24

    The bribery allegations point to significant ethical lapses in Adani Green Energy's business practices. The alleged use of illicit payments to expedite contracts reflects a disregard for transparency and fair business conduct, contributing to broader systemic corruption.

    Adani Green and Azure Power Bribery Allegations: SEC Unveils Extensive Details

  • Adani Group Executives Charged in U.S. Bribery Scheme Reveals Corporate Corruption at Adani Green Energy Logo
    NOV
    21
    2024

    Adani Green Energy, a subsidiary of the Adani Group, is implicated in a major bribery scandal. U.S. federal prosecutors indicted high-ranking executives, including the former CEO, for allegedly orchestrating a $250 million scheme to bribe Indian government officials in exchange for lucrative solar energy contracts. This case raises significant concerns about the company's public political behavior and ethical business practices.

  • -70

    Public and Political Behavior

    March 24

    The indictment reveals a pattern of unethical political engagement where top executives allegedly used personal meetings with government officials and corrupt practices to secure business advantages. This undermines transparent public and political behavior, contributing to broader authoritarian tendencies by eroding democratic accountability.

    Adani Group Executives Charged in U.S. Bribery Scheme Tied to Indian Solar Projects

  • -80

    Business Practices and Ethical Responsibility

    March 24

    The case exposes serious ethical breaches, including deliberate corruption and misleading investors. Such unethical business practices not only tarnish corporate transparency and accountability but also foster an environment where authoritarian practices can thrive by enabling impunity and undermining regulatory oversight.

    Adani Group Executives Charged in U.S. Bribery Scheme Tied to Indian Solar Projects

  • Adani Indictment and Corporate Governance Scandal Logo
    NOV
    21
    2024

    Following a U.S. indictment for alleged securities fraud and bribery related to Indian solar energy projects, Adani Green Energy’s corporate governance and business practices are under intense scrutiny. The allegations have led to major international deal cancellations and raised concerns about crony capitalism and weakened regulatory oversight, potentially bolstering authoritarian influences.

  • -40

    Public and Political Behavior

    March 24

    Adani Green Energy’s involvement in alleged securities fraud and bribery undermines public trust and weakens transparent corporate governance. This behavior diminishes democratic accountability and may indirectly encourage authoritarian practices by fostering an environment of crony capitalism.

    Adani Indictment Threatens to Upend India’s Clean Energy Ambitions

  • -60

    Business Practices and Ethical Responsibility

    March 24

    The indictment reveals serious lapses in ethical business practices, with allegations of falsifying financial documents and bribery. Such misconduct not only damages the company's reputation but also erodes ethical standards critical for resisting the rise of authoritarian influences.

    Adani Indictment Threatens to Upend India’s Clean Energy Ambitions

  • -30

    Economic and Structural Influence

    March 24

    The legal and financial fallout from the indictment has led to significant economic repercussions, including the cancellation of high-value international deals. This erosion of market confidence and the potential for regulatory capture contribute to an environment that may favor authoritarian economic structures.

    Adani Indictment Threatens to Upend India’s Clean Energy Ambitions

  • Indictment and Global Scrutiny of Adani Green Energy's Corrupt Practices Logo
    NOV
    21
    2024

    Adani Green Energy, a subsidiary of the Adani Group, has come under global scrutiny after its founder and several executives were indicted in the US on charges of bribery, fraud, and obstruction of justice. The allegations include paying over $250 million in bribes to secure lucrative solar energy contracts, misleading investors, and precipitating the cancellation of major projects in Kenya, thereby undermining democratic accountability and corporate ethical standards.

  • -60

    Public and Political Behavior

    November 21

    The indictment underscores a blatant breach of public trust as company executives used corrupt practices to secure deals, thereby eroding democratic oversight and contributing to an environment where corporate interests subvert political processes.

    USA: Global scrutiny intensifies as Adani Group founder and executives indicted for corruption in solar energy contracts triggering canceled projects in Kenya

  • -70

    Business Practices and Ethical Responsibility

    November 21

    Corruption allegations involving large-scale bribery, fraud, and the manipulation of investor information reveal deeply unethical business practices. The company's conduct in allegedly securing contracts through bribery not only jeopardizes investor trust but also fosters a corporate culture that can indirectly bolster authoritarian influences.

    USA: Global scrutiny intensifies as Adani Group founder and executives indicted for corruption in solar energy contracts triggering canceled projects in Kenya

  • Adani Group Indictment Over Bribery and Fraud Logo
    NOV
    21
    2024

    The indictment of Adani Group founder and executives on charges of bribery, fraud, and obstruction of justice highlights severe ethical lapses and undermines democratic accountability. The alleged bribery to secure solar energy contracts not only misled investors but also triggered international repercussions, including the cancellation of major projects in Kenya.

  • -70

    Public and Political Behavior

    March 24

    Adani Green Energy is implicated in a scandal where allegations indicate that bribery was used to secure government contracts. This undermines public trust and democratic processes, reflecting poor public and political behavior.

  • -80

    Business Practices and Ethical Responsibility

    March 24

    The allegations of fraud and bribery to secure lucrative solar energy contracts demonstrate a blatant disregard for ethical business practices and governance. Such behavior erodes investor trust and highlights serious issues in corporate accountability.

    USA: Global scrutiny intensifies as Adani Group founder and executives indicted for corruption in solar energy contracts triggering canceled projects in Kenya

  • SEC Charges Adani Green Energy Executives in Bribery Scheme Logo
    NOV
    20
    2024

    The SEC charged senior executives of Adani Green Energy for orchestrating a massive bribery scheme aimed at securing lucrative government contracts, raising serious concerns about the company’s ethical and political practices.

  • -80

    Business Practices and Ethical Responsibility

    November 20

    Despite public claims of a robust anti-bribery compliance program, Adani Green Energy misled investors by engaging in large-scale bribery. This deceptive practice not only violates ethical business norms but also erodes trust in corporate governance.

    SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery

  • -70

    Public and Political Behavior

    November 20

    Adani Green Energy's senior executives engaged in a bribery scheme to secure government contracts, undermining democratic accountability and misusing political influence. Such actions severely compromise the integrity of the company’s public and political behavior.

    SEC Charges Three Senior Executives in Two Actions Alleging Massive Bribery

  • Adani Advisor's Appointment Sparks Political Controversy Logo
    OCT
    17
    2023

    Adani Green Energy Limited’s advisor Janardan Choudhary was appointed as a non-institutional member of the Environment Ministry’s Expert Appraisal Committee. His appointment, amid allegations of conflict of interest, has sparked political uproar and raised serious questions about undue corporate influence in government decision‐making.

  • -60

    Executive Political Engagement

    March 24

    The controversial appointment of Janardan Choudhary—who, despite disclosing his affiliation with Adani Green Energy, was given a position on a government panel responsible for appraising major projects—illustrates problematic executive political engagement. This event raises concerns about conflict of interest and potential regulatory capture, as it provides the company with indirect access to influence policy decisions favoring its business interests, thereby contributing to an environment conducive to authoritarian practices.

    Adani advisor's role in environment ministry panel sparks uproar

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