Norwegian wealth fund puts India’s Adani Ports and other companies on watch list

Norway’s $1.3 trillion wealth fund on Monday put India’s Adani Ports under scrutiny over the company’s involvement in the construction of a port terminal in military-ruled Myanmar for possible exclusion from its investments, it said in a statement.

The fund has also put several other companies under surveillance.

Norway’s sovereign wealth fund, which invests government revenues from oil and gas production for future generations, follows an ethical mandate set by Parliament.

Adani Ports & Special Economic Zone Ltd. was not immediately available for comment outside normal business hours.