Adani Group announced plans to build 10 gigawatts (GW) of nuclear power capacity by 2035, marking its entry into the atomic energy sector, Chairman Gautam Adani said at the company’s annual general meeting on June 24. The conglomerate aims to expand its energy portfolio with this significant investment in nuclear power, according to livemint.com.
During the AGM, Gautam Adani revealed that the group has already identified land for the new venture, named Adani Atomic Energy. This move follows the company’s strategy to diversify its energy sources beyond traditional and renewable sectors. The announcement was made in a streamed address to shareholders, highlighting the group’s long-term commitment to the nuclear power sector, as reported by livemint.com.
The Adani Group’s nuclear power initiative comes amid growing demand for clean and reliable energy sources in India. The 10 GW capacity target by 2035 positions the conglomerate alongside other major players investing in atomic energy. This development aligns with India’s broader energy goals to increase nuclear power generation as part of its clean energy transition, according to livemint.com.
The next major milestone for Adani Atomic Energy will be the formal launch of its nuclear power projects, expected to follow land acquisition and regulatory approvals. Gautam Adani’s statement at the June 24 AGM confirmed the group’s strategic direction toward atomic energy, setting a clear timeline for capacity expansion by 2035, per livemint.com.