Company Directory - Adani Power Limited
Company Details - Adani Power Limited

Adani Power Limited
WebsiteAhmedabad, India
Adani Power Limited is an Indian power generation company and a part of the Adani Group, one of India’s largest diversified business conglomerates. The company operates power plants and is involved in the production and distribution of electricity, though it has experienced a slight reduction in market value recently.
CCI Score
CCI Score: Adani Power Limited
-17.65
0.01%
Latest Event
Adani Power Limited Faces Ethical and Regulatory Scrutiny Amid Bribery Allegations
Adani Power Limited recorded a modest 2.11% drop in market value amid broader Adani Group controversies. The group is under intense regulatory scrutiny tied to allegations of a $265 million bribery case and other misconduct, casting a shadow on its ethical standards and public-political behavior.
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Adani Power Limited is currently rated as an Enabler.
Latest Events
- MAR242025
Adani Power Limited recorded a modest 2.11% drop in market value amid broader Adani Group controversies. The group is under intense regulatory scrutiny tied to allegations of a $265 million bribery case and other misconduct, casting a shadow on its ethical standards and public-political behavior.
- JAN012025
Adani Power Limited's supply chain sustainability initiative, as highlighted on their affiliated Adani Enterprises website, emphasizes ethical supplier selection, open communication with suppliers, and a robust ESG program. This reflects a positive commitment to responsible sourcing practices that align with anti-fascist values by promoting fair labor practices and environmental responsibility.
+80
Supply Chain Ethics
March 24
The article outlines a strong supplier ESG program and emphasizes transparency, ethical principles, and social accountability in Adani Power's supply chain. By adopting such sustainable practices, the company demonstrates a commitment to upholding fair labor standards and minimizing risks of complicity in unethical supply practices that can indirectly support authoritarian economic structures.
- DEC102024
Bribery allegations linked to Adani's renewable energy projects raise concerns over corrupt political practices and unethical business practices that undermine democratic accountability in India.
-70
Public and Political Behavior
March 24
The bribery charges suggest corrupt interactions with state officials, undermining transparency and democratic accountability, and fostering a climate that can support authoritarian practices.
Will bribery charges against Adani derail India's green goals? - BBC
-60
Business Practices and Ethical Responsibility
March 24
The allegations of bribery indicate unethical business practices and compromised corporate governance, which raise serious questions regarding the company's adherence to ethical responsibilities in its operations.
Will bribery charges against Adani derail India's green goals? - BBC
- NOV222024
Adani Power Limited, part of the Adani Group, is implicated in serious US fraud and bribery charges related to a $250m scheme aimed at securing vast government contracts. The allegations suggest deliberate attempts to manipulate political influence and undermine fair business practices, contributing to a disruptive economic impact.
-80
Public and Political Behavior
March 24
Adani Power Limited, as part of the Adani Group, is accused of orchestrating a $250m bribery scheme to secure government contracts. This behavior is emblematic of problematic public and political conduct that undermines democratic oversight and corrupts the political process.
Gautam Adani faces US fraud charges over renewables 'bribery'
-70
Business Practices and Ethical Responsibility
March 24
The accusations of fraud, including stock manipulation, accounting fraud, and a concealed bribery scheme, indicate serious deficiencies in ethical business practices and corporate governance. This reflects a pattern of behavior that is highly detrimental to corporate transparency and accountability.
Gautam Adani faces US fraud charges over renewables 'bribery'
-65
Economic and Structural Influence
March 24
The bribery and fraud allegations not only affect corporate ethics but also have significant economic implications. The alleged use of illicit practices to secure contracts disrupts fair market competition and has already led to market sell-offs and cancelled deals, reflecting a detrimental influence on economic structures.
Gautam Adani faces US fraud charges over renewables 'bribery'
- NOV212024
Adani Group founder and seven executives have been indicted in the United States on charges of bribery, fraud, and obstruction of justice. The indictment alleges that over $250 million in bribes were paid to secure solar energy contracts, revealing systemic corruption that undermines democratic processes and corporate accountability. The fallout has led to cancelled international projects and a reevaluation of financial support for the group.
-80
Public and Political Behavior
March 24
The indictment exposes significant political misconduct, as the alleged bribery and corruption directly undermine democratic institutions and enable authoritarian practices. Such actions erode public trust and serve as a disturbing example of corporate overreach in the political arena.
-80
Business Practices and Ethical Responsibility
March 24
The revelations of corporate fraud and the systematic misleading of investors reflect deep ethical failings in business practices. These actions not only compromise investor trust but also facilitate further authoritarian influence by exploiting regulatory and governmental frameworks.
- OCT292024
Adani Enterprises Limited, a part of the Adani Group, updated its Human Rights Policy on 29th October 2024. The updated policy aligns with international human rights standards, including SA8000 and key components of the Universal Declaration of Human Rights. The update outlines a commitment to non-discrimination, equal remuneration, zero tolerance for forced labor and child labor, and enhanced mechanisms for human rights due diligence. This move signals a positive step towards improving labor relations and human rights practices within the conglomerate.
+80
Labor Relations and Human Rights Practices
March 24
The updated Human Rights Policy demonstrates a commitment to upholding fundamental human rights as delineated in international standards, including SA8000, the Universal Declaration of Human Rights, and related treaties. This policy update, approved at the board level on 29th October 2024, reinforces positive labor relations and ethical responsibility by proactively addressing risks related to discrimination, forced labor, and human trafficking. Although the update is a positive sign, continuous implementation and monitoring are necessary to ensure these standards are effectively upheld.
- MAR132024
BJP-governed states of Maharashtra and Rajasthan have issued power tenders with criteria that perfectly align with Adani Power's dual-source (thermal and solar) capacity. This tailored bidding process limits competition and underscores a politically favorable environment that raises concerns over cronyism and market manipulation.
-80
Public and Political Behavior
March 24
The power tenders appear to be designed in a way that favors Adani Power, reflecting an unusually close nexus between the company and political authorities. By aligning tender specifications to match its operational plans, the state authorities effectively bolster the company’s market position at the expense of fair democratic competition.
Tailored To Fit: Two Lucrative Power Tenders By BJP-Ruled States Favour Adani Group
-60
Business Practices and Ethical Responsibility
March 24
Adani Power's engagement in these government tenders, designed to match its expansion and dual-energy production strategy, raises serious questions about its business ethics. The evident cronyism underlines a failure to adhere to principles of transparency and ethical responsibility in public procurement.
Tailored To Fit: Two Lucrative Power Tenders By BJP-Ruled States Favour Adani Group
-70
Economic and Structural Influence
March 24
The strategy of bundling thermal and solar power supply in government tenders effectively limits competition and reinforces an economic structure whereby large conglomerates like Adani Power gain an unfair advantage. This method not only promotes crony capitalism but also exposes systemic vulnerabilities affecting public welfare.
Tailored To Fit: Two Lucrative Power Tenders By BJP-Ruled States Favour Adani Group
- OCT012023
Adani Power Limited has published a comprehensive Human Rights Policy outlining its commitment to upholding international labor and human rights standards. The document emphasizes non-discrimination, fair remuneration, freedom of association, and proactive stakeholder engagement, signaling a positive stance on labor relations and ethical responsibility despite its operations in the coal-based power sector.
+80
Labor Relations and Human Rights Practices
March 24
The published Human Rights Policy demonstrates Adani Power's commitment to international standards such as the UDHR, ILO Core Conventions, and UNGPs. It outlines measures to ensure non-discrimination, fair wages, safe working conditions, and respect for union rights. While the structured policy is a positive sign for labor relations and ethical business practices, continued scrutiny of its implementation in a fossil fuel context remains essential.
- JUN012023
Adani Power Limited, as part of the broader Adani Group, has expanded into the media realm by acquiring a minority stake in Quintillion Business Media. This move is seen as a strategic effort to influence media narratives and political discourse, potentially aligning with broader authoritarian agendas.
-50
Media Influence and Propaganda
March 24
Adani's investment in Quintillion Business Media through its media venture raises concerns over the potential use of media ownership to shape public discourse in favor of authoritarian narratives. Such a move can be interpreted as using media influence to push agendas that undermine democratic accountability, particularly given the company's broader reputation for aligning with right-leaning and centralized power structures.
Adani forays into media business, buys minority stake in Quintillion Business Media
- DEC152017
An analysis of Adani Power Limited's aggressive lobbying through its affiliated group to secure safeguard duties on solar imports, which ultimately risks significant revenue losses and contributes to higher consumer tariffs and increased coal dependency. This event reflects how corporate lobbying can be used to manipulate policy in favor of company interests, often at the expense of broader public welfare and renewable energy transition.
-80
Political Contributions and Lobbying Efforts
March 24
Adani Power, via its affiliate Adani Solar through the Indian Solar Manufacturers Association (ISMA), lobbied in December 2017 to secure safeguard duties on imported solar components. This lobbying effort appears designed to reshape regulatory policy in favor of the conglomerate, potentially securing financial benefits even as it raises tariffs and undermines consumer interests and the renewable energy transition. Such actions exemplify the use of political influence to prioritize corporate profit over public welfare.
Too clever by half? How Adani’s lobbying may cost Adani Green over US $100 million
-60
Economic and Structural Influence
March 24
The lobbying activities resulted in the imposition of safeguard duties that disrupted the solar industry, leading to increased power tariffs and forcing a reliance on coal power. This economic maneuvering has generated significant structural challenges by affecting market dynamics and impeding India's renewable energy goals, thereby raising concerns about corporate influence on economic policy that adversely impacts public welfare.
Too clever by half? How Adani’s lobbying may cost Adani Green over US $100 million
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