Adani enters nuclear energy sector
Adani Power has incorporated a wholly owned subsidiary Adani Atomic Energy Ltd (AAEL) to generate, transmit, and distribute electric power derived from nuclear or atomic energy. AAEL has been incorporated with an authorised capital of `5,00,000 divided into 50,000 equity shares of Rs 10 each, a regulatory filing said. Adani Power holds 100 per cent shareholding in AAEL. The new company is planning to set up 30 GW of nuclear power capacity as the country’s largest private sector power producer seeks to replace its entire thermal capacity with nuclear power in the coming years.
AAEL was incorporated in India on February 11, 2026 and it has received the Certificate of Incorporation from Registrar of Companies. The announcement comes soon after the Indian Parliament passed the SHANTI Act in December 2025, a landmark legislation that 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. Government introduced the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025, with the goal of modernising India’s atomic energy framework and accelerating private investment.
The new law reshapes India’s nuclear ecosystem by allowing private companies to actively participate across the nuclear value chain. Under the Act, private players can set up and operate nuclear power plants, 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. Additionally, the Act encourages innovation by permitting research, development, design, and technology advancement in nuclear energy and radiation applications. It removes the licence requirement for peaceful uses. This provision is expected to accelerate next-generation reactor development and boost domestic capabilities. Gautam Adani
