Adani Enterprises Limited disclosed on February 10, 2026, a new civil investigation by the U.S. Office of Foreign Assets Control. This federal action involves a Request for Information issued on February 4. The U.S. Treasury seeks to verify if past trade activities for liquefied petroleum gas touched sanctioned Iranian interests. This update follows voluntary talks that began after June 2025 reports scrutinized fuel shipments at the Mundra port in Gujarat.
The current probe reviews financial records and supply chain data from June 2023 to the present. Investigators aim to track the origin of specific fuel cargoes. They want to check if shipping routes helped hide the source of the gas. While the U.S. Treasury has not found any violations yet, the move shows strict enforcement of trade rules. The Adani Group states its internal protocols prohibit Iranian products. It notes all deals used documents with neutral ports of origin like Sohar, Oman.
Market sentiment shifted on the news. Adani Enterprises shares fell about 3.5% during Tuesday’s trade. The civil case adds pressure as the group also faces legal matters in U.S. courts over separate bribery claims. Despite these risks, the company says the LPG business under review is small. It represented only 1.46% of total revenue for the 2025 fiscal year. Out of caution, the group ended all LPG import operations on June 2, 2025. The final result of this OFAC inquiry will be a major factor for the group’s 2026 plans. It affects their ability to get trade finance and maintain global trust.
