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Norway fund drops Adani Green
Financial Express Lucknow
|February 28, 2026
NORWAY'S $1.2-TRILLION sovereign wealth fund, the world’s largest, has decided to exclude Adani Green Energy (AGEL) from its portfolio due to concern about its alleged links to financial crime.
Norges Bank, which had in May 2024 excluded Adani Ports and SEZ, on its website added AGEL to the list of firms that it has decided to exclude. It cited “gross corruption or other serious financial crime” as the criterion for its decision but gave no explanation.When Norges Bank first bought AGEL shares in July 2020,the share price was ₹341. On Friday, it was ₹944.
While AGEL did not immediately offer any comments,
industry officials said a fossil fuel funded sovereign fund is trying to create a narrative against a renewable company.
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