Date: June 2, 2025 : Adani Enterprises Limited has strongly refuted a Wall Street Journal article dated June 2, 2025, which alleged connections between the company and Iranian LPG, calling the claims unfounded and harmful.
The company denies any intentional involvement in evading sanctions or engaging in trade linked to Iranian LPG, stating it has no knowledge of any U.S. probe into the matter. Adani’s strict policy ensures no cargo or vessels from Iran are handled at its ports. In FY24-25, LPG accounted for just 1.46% of its revenue, with all transactions adhering to applicable domestic and global regulations.
The company conducts thorough KYC on suppliers and uses the MINT platform to verify vessels. The shipment referenced in the article was processed via third-party logistics, with documentation confirming Sohar, Oman, as its origin. Adani clarifies it neither owns nor manages the mentioned vessels and has met all obligations as an importer.
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