Adani chairman confirms SEBI dismissal, highlights growth and new projects

Ambuja Cements Limited announced that the Securities and Exchange Board of India (SEBI) has dismissed allegations against the Adani Group, as confirmed by chairman Gautam S. Adani in a letter to shareholders dated September 24, 2025. This verdict marks a definitive resolution to challenges faced by the group since January 2023.

Despite the period of scrutiny, the Adani portfolio demonstrated substantial growth. Portfolio EBITDA increased from ₹57,205 Cr in FY23 to ₹89,806 Cr in FY25, representing approximately 57% absolute growth and a two-year Compound Annual Growth Rate (CAGR) of 25%. Concurrently, Gross Block expanded by 48% in two years, from ₹4,12,318 Cr in FY23 to ₹6,09,133 Cr in FY25, indicating an addition of nearly ₹2 lakh Cr.

The letter also highlighted transformative infrastructure projects, including the commissioning of India's first container transshipment port at Vizhinjam, the addition of 6 GW of renewable capacity, and the establishment of the world's largest copper smelter. Adani reaffirmed the company's commitment to strengthening governance, accelerating innovation, and investing in nation-building infrastructure.