Adani Green Energy Share Price:  Adani Green Energy shares climbed 9% on Monday morning after Adani Group chairman Gautam Adani said his group is committed to compliance and "every attack makes us stronger" amid recent allegations and indictments in the US. Adani Green Energy Ltd increased 9% to Rs 1,445 on the BSE.  Adani Ports gained 2%, Ambuja Cement was up 1.33%, ACC surged over 1% and Sanghi Industries jumped up to 1%. 

However, group stocks, including Adani Total Gas, Adani Energy Solutions, Adani Enterprise, Adani Total Gas, and Adani Power Solutions traded lower.  Adani Total Gas was down 4.57%, Adani Energy Solutions slumped over 4, Adani Enterprises went down up to 1.5% and Adani Power was trading 1.45% lower on the BSE.

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Appearing in public for the first time since recent complaints and indictments in the US, Adani Group chairman Gautam Adani on Saturday said his group is committed to compliance and "every attack makes us stronger".

On November 20, 2024, the US Department of Justice and the US Securities and Exchange Commission filed an indictment and a civil complaint in the New York District Court against Adani Green's key employees Gautam Adani, Sagar Adani and Vanit Jain.

"Less than two weeks back, we faced a set of allegations from the US about compliance practices. This is not the first time we have faced such challenges. What I can tell you is that every attack makes us stronger," he said addressing the 51st Gems and Jewellery Award in Jaipur.

AJL is accused of paying $265 million in bribes to Indian officials to secure a solar power sales contract that could have earned the company $2 billion over 20 years. Last week, the Adani Group called all the allegations baseless and said it would take legal recourse to defend itself.

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(With inputs from PTI)