Adani Group stocks, including Adani Power and ACC, gained on March 10, 2025, as Fitch Ratings noted reduced liquidity risks. However, a negative outlook remains due to ongoing U.S. investigations.
Adani Group stocks, including Adani Power, Adani Green Energy, and ACC, traded in positive territory after Fitch Ratings highlighted that liquidity risks for the conglomerate had moderated. The agency’s update improved market sentiment despite maintaining a negative outlook due to ongoing U.S. investigations.
The Adani Group, a diversified Indian conglomerate headquartered in Gujarat, operates across infrastructure, energy, logistics, and commodities. The group has faced scrutiny over corporate governance concerns, impacting investor confidence.
Fitch Ratings Update
Fitch Ratings removed Adani Energy Solutions from its ‘Rating Watch Negative’ but kept a negative outlook, citing risks tied to U.S. investigations. The agency maintained its ‘BBB-‘ rating for Adani Energy Solutions’ long-term foreign and local currency issuer default ratings. It also affirmed the ratings for AESL’s $500 million senior secured notes due in 2026 and 2036 at ‘BBB-‘.
The rating agency stated:
We believe the risks associated with the group’s liquidity and funding requirements have moderated. However, the negative outlook reflects concerns over U.S. investigations that could expose governance weaknesses, affecting financial stability.”
Fitch emphasized that it would continue monitoring governance practices and internal controls within the Adani Group, assessing any potential impact on financial flexibility.
Stock Market Reaction
Following Fitch’s update, multiple Adani Group stocks traded in the green, with gains ranging from 0.68% to 3.70%:
- Adani Power
- Adani Green Energy
- Adani Ports & SEZ
- Adani Total Gas
- Adani Enterprises
- Ambuja Cement
- ACC
The stock rally was supported by improved investor sentiment, despite lingering concerns about corporate governance and regulatory scrutiny.
Dharavi Redevelopment Project Update
Separately, the Supreme Court recently refused an interim stay on the Dharavi Slum Rehabilitation project awarded to the Adani Group. Adani Properties won the redevelopment contract in November 2022 with a ₹5,069 crore bid, along with a mandatory ₹2,800 crore payment to the Railway Land Development Authority, bringing the total financial commitment to ₹7,869 crore—surpassing rival Seclink’s offer.
As Adani Group stocks recover, investors continue to watch for further developments related to governance and regulatory scrutiny.
