Adani Power Ltd, one of India’s biggest private thermal power producers, has incorporated a wholly-owned subsidiary, Adani Atomic Energy Ltd (AAEL), signalling its entry into the nuclear energy space. AAEL has received the Certificate of Incorporation from the Central Registration Centre, Registrar of Companies.
AAEL has been set up to generate, transmit and distribute electric power derived from nuclear and/or atomic energy with an authorised capital of INR500,000 ($5,521.5) divided into 50,000 equity shares of INR10 each, with 100% shareholding held by Adani Power. This marks a strategic diversification beyond Adani Power’s predominantly coal-based power generation portfolio. Adani currently has a portfolio of 18,150 MWe spread across eight States.
The announcement comes after the Indian Parliament in December 2025passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, which opens the nuclear energy sector to private participation for the first time. Encouraged by the regulatory shift, Adani Group is moving quickly to establish its nuclear subsidiary and tap emerging opportunities in the sector. The government introduced the SHANTI Act with the goal of modernising India’s atomic energy framework and accelerating private investment.
The new law fundamentally allows private companies to set up and operate NPPs; generate and distribute nuclear electricity; manufacture critical equipment; fabricate nuclear fuel; conduct uranium conversion, refining, and enrichment within prescribed limits; and handle the production, processing, and disposal of approved nuclear substances. It also encourages innovation by permitting research, development, design, and technology advancement in nuclear energy and radiation applications. It removes the licence requirement for peaceful uses.
India currently has an installed nuclear capacity of 8.8 GWe, up from 4.8 GWe in 2014, Union Minister of State for Science and Technology Jitendra Singh told the Rajya Sabha (upper house of parliament), the same day the Adani Group announced its entry into the sector. He added that India’s installed nuclear capacity is projected to reach 22.4 GWe by 2031–32, 47 GWe by 2037, 67 GWe by 2042 and 100 GWe by 2047.
