Adani Group Denies WSJ Report Linking It to Iranian LPG Imports

The Adani Group has strongly denied allegations made in a Wall Street Journal report published on Monday, June 2, 2025, which claimed that its entities may have facilitated the import of Iranian LPG, possibly in violation of US sanctions.

The report stated:

• US prosecutors are allegedly investigating whether Iranian petrochemicals were routed through Adani’s Mundra Port.
• It cited the use of manipulated vessel tracking data — a known tactic used in sanctions evasion.

Adani issued a detailed rebuttal calling the report:

"Baseless and mischievous"

The group stated:

• It is not aware of any investigation by US authorities.
• Adani follows a strict “no Iranian cargo” policy at all its ports.
• The company maintains strong compliance protocols, including:
  • Full KYC checks on clients
  • Vessel history verification
  • Alignment with global sanction lists

It also emphasized that the LPG segment forms a very small part of Adani's overall business operations.

Despite the firm denial, Adani Group stocks experienced a dip following the release of the WSJ article, reflecting investor sensitivity to sanctions-related news.

The development comes amid heightened global scrutiny over enforcement of sanctions, especially on energy exports from Iran, as Western nations increase pressure on entities aiding circumvention.

Adani maintains that it remains committed to full compliance with all international regulations and stands ready to cooperate with authorities if approached.