The Adani Group, a major Indian conglomerate, has unveiled its intent to venture into the nuclear power sector, setting an aggressive target of building 10 gigawatts (GW) of nuclear energy capacity by 2035. This initiative is a cornerstone of the group's broader strategy to enhance India's long-term energy security and expand its presence across the entire energy value chain.
Speaking at the group's 30th Annual General Meeting (AGM) on Wednesday, Chairman Gautam Adani confirmed that land has already been identified for the proposed nuclear venture, which will operate under the entity Adani Atomic Energy. This new segment will complement the conglomerate's existing energy businesses, which span thermal, renewable, hydroelectric power, gas distribution, and power transmission.
A Strategic Shift Towards Clean Baseload Power
Gautam Adani emphasized that the entry into nuclear energy represents a confident step toward securing India's future energy needs. He highlighted the importance of nuclear power in providing clean, round-the-clock electricity, a crucial advantage over intermittent sources like solar and wind. This aligns with India's national push to diversify its electricity mix, meet escalating demand, and reduce carbon emissions.
The group's vision is to establish an integrated energy platform capable of delivering reliable and affordable power, thereby reducing reliance on imported fuels and bolstering India's energy resilience in a volatile global environment. Adani noted that energy security has re-emerged as a top national policy priority amid geopolitical shifts impacting global fuel markets.
Massive Investments Across the Energy Spectrum
The nuclear power announcement comes alongside significant expansion across Adani's conventional and clean energy businesses. According to the chairman, the group invested over ₹1.5 lakh crore (approximately $18 billion USD) in infrastructure during the financial year 2026, accounting for more than 30% of India's total new private-sector capital expenditure.
- Power Generation: Adani Power is executing India's largest private-sector power expansion program, with investments exceeding ₹2 lakh crore (approximately $24 billion USD), aiming to boost its installed generation capacity to 45 GW within the next five years.
- Transmission: Adani Energy Solutions' transmission order book has grown to ₹72,000 crore (approximately $8.6 billion USD), supported by key projects like the Khavda-South Olpad high-voltage direct current (HVDC) transmission corridor. The company remains the only private-sector player in India with proven HVDC capabilities.
- Hydropower & Gas: The conglomerate is expanding its clean energy footprint through a partnership with Bhutan's Druk Green Power Corporation to jointly develop 5,000 MW of hydropower. Its city gas distribution arm, Adani Total Gas, has surpassed 1.1 million piped natural gas household connections, with further expansion planned.
- Digital Infrastructure: The group is also heavily investing in digital infrastructure, targeting a 3 GW data centre platform by 2030, including a binding agreement with Google for a gigawatt-scale data centre project in Visakhapatnam.
Robust Financial Position Underpins Expansion
Adani affirmed that the group's strong financial performance provides the necessary confidence to undertake these ambitious capital expenditure plans. For FY26, the Adani portfolio reported consolidated revenue of ₹2.92 lakh crore (approximately $35 billion USD), a 7.4% year-on-year increase. EBITDA rose to ₹94,834 crore (approximately $11.4 billion USD), while profit after tax climbed 13.9% to ₹46,376 crore (approximately $5.5 billion USD).
"These record numbers give us the financial strength, liquidity and confidence to fund our ambitious capex plans and continue building at unmatched scale across India's core infrastructure sectors," Adani stated.
Beyond energy, Adani Ports handled over 500 million tonnes of cargo during the year and is on track to achieve 1 billion tonnes by 2030. The group also inaugurated Navi Mumbai International Airport and expanded its airport network with a new terminal in Guwahati. Gautam Adani concluded his address by reiterating the conglomerate's commitment to continued investment despite global uncertainties, positioning infrastructure and energy as central pillars of India's long-term economic growth.