Archive · 3 Jun 2025
Adani Ports Cargo Volume Up Amid Iranian LPG Allegations
Adani Ports saw a big jump in the amount of cargo it handled in May.
However, a newspaper article said that Adani might be importing gas from Iran, which could break some rules.
Adani says this is not true and that the newspaper's claims are wrong.
The company stated they follow the rules and are not aware of any investigation about this.
At the same time, Adani Ports is planning to raise money for its business.
Shares of Adani Ports fell slightly after the report.
Adani Ports reported a 17% increase in cargo volume to 41.8 MMT in May 2025.
Container volumes increased by 22% and dry cargo by 17% in May 2025.
For YTD ended May 2025, cargo volume increased by 10% to 79.3 MMT.
The Wall Street Journal reported on alleged links between Adani and Iranian LPG shipments.
Adani Group refuted the allegations, calling them baseless and denying any sanction violations.
- Who
- Adani Ports and Adani Group, along with The Wall Street Journal.
- What
- Adani Ports handled 41.8 MMT cargo volume in May and faces allegations of Iranian LPG imports.
- When
- May 2025 (Cargo data), June 2025 (WSJ report and stock performance).
- Where
- Mundra port (India), Persian Gulf, though specific locations not fully detailed in the articles.
- Why
- Adani Group faces scrutiny due to alleged links with Iranian LPG shipments, while also reporting cargo volume increases.
Adani Group
The Wall Street Journal
Sanctions Allegations
Adani Group
Adani Group denies any involvement in sanctions evasion and says it is not aware of any US investigation.
The Wall Street Journal
The Wall Street Journal reported on alleged links between Adani entities and Iranian LPG shipments, potentially violating sanctions.
- Cargo Volume (May 2025)
- 41.8 MMT, up 17% YoY
- Container Volume Growth (May 2025)
- 22% YoY
- YTD Cargo Volume (May 2025)
- 79.3 MMT, up 10% YoY
- Rail Volume (May 2025)
- 0.06 Mn TEUs, up 13% YoY
- Adani Ports Share Price (June 2, 2025)
- ₹1,435.5 apiece, down 2.21%
- Fundraising Plan
- $1 billion via senior notes
Sources
Gautam Adani facing fresh scrutiny from US prosecutors: Report
US probes alleged Iranian LPG shipments via Adani’s Mundra Port, says WSJ report; Adani Group calls it 'baseless'
'Baseless and mischievous': Adani Group denies handling any Iranian cargo; says not aware of any US investigation into Iran sanctions violations
Adani says it doesn't handle Iranian cargo, unaware of any U.S. probe into Iran sanctions violations
Adani group denies WSJ report as 'baseless'
Gautam Adani under new scrutiny from US prosecutors, WSJ reports
Adani Ports, Adani Enterprises: Why are Adani Group shares in focus today?
