Archive · 24 Jan 2026

Adani Green Profit Drops 99% Amid Legal Issues

Adani Green Profit Drops 99% Amid Legal Issues

Adani Green Energy, a company that makes renewable energy, had a very big drop in profit for the last three months of the year.

They made much less money because they sold a lot of electricity in a market where prices are very low and had to pay a lot more in interest and other costs.

At the same time, the US government is trying to serve legal papers to the Adani family, saying they were involved in a bribery scheme.

The company says these claims are not true and they are not part of any legal proceedings.

The news caused their stock prices to drop a lot.

Sources