Adani group announces aims to build 10 GW nuclear capacity by 2035

The Adani Group plans to build 10 gigawatts GW of nuclear power capacity by 2035 Chairman Gautam Adani said on Wednesday marking the conglomeratersquos entry into atomic energy as it expands an integrated power platform spanning thermal renewable hydro gas and transmission assetsAddressing shareholders at the groups annual general meeting Adani said land had been identified for the nuclear venture Adani Atomic Energy which he described as a key part of the groups strategy to support Indias longterm energy security amid growing geopolitical uncertainty and rising electricity demandOur entry into nuclear energy through Adani Atomic Energy is another confident step towards securing Indias longterm energy future Adani saidWith land identified and a 10 GW targeted capacity by 2035 we are positioning ourselves early to serve the growing national demand for clean roundtheclock power he saidThe announcement comes as the conglomerate accelerates investments across the energy value chain seeking to position itself at the centre of Indias evolving energy strategy at a time when energy security has reemerged as a national priorityThe billionaire industrialist said the groups integrated infrastructure model was designed to deliver reliable affordable and roundtheclock power while reducing external dependencies and strengthening Indias energy resilienceThe comments come as the conglomerate accelerates investments across the energy value chain from mining and fuel supply to power generation transmission distribution and emerging cleanenergy technologiesAdani said the group invested a record more than Rs 15 lakh crore in infrastructure during the 202526 fiscal year accounting for more than 30 per cent of Indias total new privatesector capital expenditureFY 202526 was one such year he said It was a year in which the world grew more fractured complex energy security models returned to the centre of national strategy and technology became inseparable from sovereigntyAt a time when some tried to create doubt you answered with conviction Adani said referring to the groups Rs 25000 crore rights issue completed earlier this year which he described as a referendum on our credibilityThe groups energy expansion is being led by Adani Power which is executing what Adani called Indias largest privatesector power capital expenditure programme involving investments of more than Rs 2 lakh crore and a target to reach 45 gigawatts of generation capacity within five yearsAt Adani Energy Solutions the transmission order book rose to Rs 72000 crore during the year supported by projects including the KhavdaSouth Olpad highvoltage direct current transmission line Adani said the company remains Indias only privatesector player with proven HVDC capabilitiesThe group is also expanding its presence in lowcarbon energy Adani announced a partnership with Bhutans Druk Green Power Corporation to jointly develop 5000 megawatts of hydropower projects strengthening regional energy cooperation and adding renewable baseload generation capacityThe group is also expanding gas distribution infrastructure Adani Total Gas crossed 11 million piped natural gas home connections during the year with the company planning further expansion to meet growing demand for cleaner fuelsBeyond energy Adani highlighted growth across ports airports logistics digital infrastructure and industrial businessesAdani Ports handled more than 500 million tonnes of cargo in FY26 and remains on track to target 1 billion tonnes by 2030 while Vizhinjam port surpassed 1 million TEUs in its first year of operationsThe group also inaugurated Navi Mumbai International Airport and a new terminal at Guwahati Airport while its data centre business is targeting a 3 GW platform by 2030 Adani said a binding agreement with Google for a gigawattscale data centre project in Visakhapatnam underscored growing demand for digital infrastructure in IndiaAcross its mining services business four new mine developer and operator agreements increased capacity to a record 145 million tonnes annually helping secure fuel and raw material supplies for the broader industrial economyFor FY26 the Adani portfolio reported a consolidated revenue of Rs 292 lakh crore up 74 per cent from a year earlier while EBITDA rose to Rs 94834 crore and profit after tax increased 139 per cent to Rs 46376 croreThese record numbers give us the financial strength liquidity and confidence to fund our ambitious capex plans and continue building at unmatched scale across Indias core infrastructure sectors Adani saidClosing his address the chairman said the group would continue investing through periods of uncertainty as India seeks to strengthen both its physical and energy infrastructureSo let this be the year we are remembered for what we built he said We builtmdashwhen it was hardest to build We believed when it was hardest to believeThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility 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