Overview
- Gautam Adani announced on Wednesday that the group has formalised Adani Atomic Energy, has identified land, and is targeting 10 GW of nuclear capacity by 2035.
- Adani Power will pursue what the group calls a Rs 2 lakh crore capex programme to expand total generation to 45 GW over five years, supported by the group's FY26 infrastructure spend of more than Rs 1.5 lakh crore and reported consolidated revenue of Rs 2.92 lakh crore.
- The group set a 3 GW data‑centre target by 2030 and reported a binding gigawatt‑scale deal with Google for a Visakhapatnam facility as part of a plan to align steady baseload supply with fast‑growing AI workloads.
- The AGM also introduced a three‑layer management restructure, new contractor and worker‑welfare commitments, and new partnerships including a 5,000 MW hydropower plan with Bhutan’s Druk Green Power Corporation and expanded transmission work worth about Rs 72,000 crore.
- Execution risks include required regulatory approvals, technology choices, financing and the long lead times typical of nuclear projects, and the plan could shift India’s energy landscape by adding private baseload capacity to support industry and digital growth.