Adani Ports, Adani Enterprises, Adani Power: Adani Group Stocks Rally - Here's Why

Shares of Adani group companies such as Adani Ports, Adani Enterprises, and Adani Total Gas among others gained by as much as 12 per cent in early trade on May 5. The rally is being attributed to reports that Gautam Adani's team met with officials from US President Donald Trump's administration.

According to a Bloomberg report, the meeting was held to have criminal charges against Gautam Adani in an overseas bribery case dismissed.

Adani Total Gas led the rally, rising nearly 12 per cent. It was followed by Adani Ports, which rose nearly 7 per cent, Adani Power, which jumped around 6.5 per cent, and Adani Enterprises, which gained over 6 per cent.

Adani Green, Adani Energy Solutions, and Adani Wilmar rose between 1.5 per cent to 5.5 per cent. All other Adani group stocks such as NDTV, ACC, Ambuja Cements, and Sanghi Industries traded in green in early trade.

The Bribery Case Against Adani

In November, 2024, US authorities charged billionaire Gautam Adani and his nephew, Sagar Adani alleging that they paid bribes to Indian officials to get power supply contracts and misled American investors about anti-bribery compliance during a $750 million Adani Green Energy bond fundraising.

However, Adani Green, the group's renewable energy arm, had called the allegations "baseless" and, in late March, 2025, said that their review of the US charges found no violations or issues with compliance.

According to the US Securities and Exchange Commission's (SEC) indictment, Gautam Adani, his nephew Sagar Adani, and six others paid $265 million in bribes to officials in Indian state governments between 2020 and 2024.

The payments were reportedly made to secure solar power contracts. These contracts were expected to generate $2 billion in profits over the next 20 years.

Adani Ports Business Update

In addition to the Adani-Trump administration meet, Adani Ports' shares were upbeat as the company announced its business update for April, 2025.

In its business update, Adani Ports said that it handled cargo volume of 37.5 MMT (+4 per cent YoY), led by containers (+21 per cent YoY) and liquids and gas (+8 per cent YoY).

It said, April 2025 logistics rail volume was at 57,751 TEUs (+17 per cent YoY) and GPWIS volume was at 1.8 MMT (+4 per cent YoY).