Adani Enterprises has revealed that a US government agency has sought information over certain LPG transactions that may have involved Iranian-linked cargo. It brings fresh scrutiny to the group’s global trading operations.
In a stock exchange filing, the company said it received a formal request for information on February 4 from the US Treasury Department’s Office of Foreign Assets Control (OFAC). The communication follows media reports from last year questioning whether Adani-linked entities imported Iranian-origin liquefied petroleum gas into India.
The company said it has begun cooperating with US authorities and emphasised that the communication does not allege violations, penalties, or sanctions at this stage.
The disclosure traces back to a June 2025 report by The Wall Street Journal, which claimed that US prosecutors were examining shipments of LPG that allegedly originated in Iran and entered India through Mundra port in Gujarat.
The report suggested that certain shipping routes and documentation practices drew the attention of American enforcement agencies, especially where US financial systems may have been involved.
Iran faces extensive US sanctions, and any transaction that touches the American financial system can fall under OFAC’s jurisdiction. That exposure appears to have prompted the request for details.
Adani Enterprises said it had already initiated voluntary discussions with OFAC after the media report surfaced.
The company sought to downplay the financial impact. It said LPG trading accounted for about 1.46% of its revenue in FY25. It also stopped all LPG imports from June 2, 2025, calling the move a step taken out of an abundance of caution.
Market reaction remained cautious, with investors watching developments closely. The broader Adani Group has faced sustained scrutiny in recent years, and its founder, Gautam Adani, continues to confront legal and regulatory challenges in the United States unrelated to the LPG matter.
For now, the company maintains that no wrongdoing has been found. But the probe underscores a larger reality: as Indian conglomerates expand across borders, global compliance risks travel with them.