GLOBAL EXPOSURE WEIGHS ON GROUP
Business Standard|November 30, 2024
An investigation in the United States, rating action by international agencies and cancelled deals in Kenya are some issues facing Adani Group—troubles that have come with the conglomerate's increased global exposure in recent years.
SACHIN P MAMPATTA

Key group companies' share of business from outside India has increased, according to data compiled by Business Standard from company disclosures. Adani Power's share of business from non-domestic sources rose from zero per cent in financial year 2018-19 (FY19) to 14.6 per cent in FY24 after a power supply deal with Bangladesh.

There have been similar increases for Adani Ports and Special Economic Zone (4.1 per cent to 11.9 per cent) as the company struck deals with Israel, Sri Lanka, Australia and Tanzania. Adani Enterprises' operations in

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