Adani Group AGM: From 10 GW nuclear power capacity to big energy plans – what Gautam Adani said
At the Adani group’s annual general meeting (AGM), chairman Gautam Adani said that there are plans to develop 10 gigawatts (GW) of nuclear power capacity by 2035. He signalled the conglomerate’s entry into the nuclear energy sector as it continues to build an integrated power platform that spans thermal, renewable, hydroelectric, gas-based and transmission businesses.Adani said land has already been identified for the proposed nuclear venture, Adani Atomic Energy. He described the initiative as an important component of the group’s broader strategy to strengthen India’s long-term energy security amid rising power consumption and increasing geopolitical uncertainties.“Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India’s long-term energy future,” Adani said according to a PTI report.He added that with land already earmarked and a target of 10 GW of capacity by 2035, the group is positioning itself early to meet the country’s growing requirement for reliable, clean and round-the-clock electricity.The announcement comes as the conglomerate steps up investments across the energy value chain, aiming to play a central role in India’s evolving energy landscape at a time when energy security has become an increasingly important national priority.Adani said the group’s integrated infrastructure approach is intended to provide dependable, affordable and uninterrupted power while reducing dependence on external sources and enhancing the country’s overall energy resilience.His remarks come against the backdrop of the group’s expanding investments across multiple segments of the energy sector, including mining, fuel supply, power generation, transmission, distribution and emerging clean-energy technologies.Adani said the group invested a record sum of more than Rs 1.5 lakh crore in infrastructure during FY26, representing over 30% of all new private-sector capital expenditure undertaken in India during the year.“FY 2025-26 was one such year,” he said. “It was a year when the world became increasingly fragmented, energy security once again moved to the forefront of national priorities, and technology became closely linked with sovereignty.”Referring to the group’s Rs 25,000-crore rights issue completed earlier this year, Adani said investors had demonstrated confidence in the conglomerate at a time when questions were being raised about it.“At a time when some tried to create doubt, you answered with conviction,” he said, describing the fundraising exercise as “a referendum on our credibility”.The group’s power sector expansion is being spearheaded by Adani Power, which Adani said is implementing the country’s largest private-sector investment programme in electricity generation. The initiative involves capital expenditure exceeding Rs 2 lakh crore and aims to increase generation capacity to 45 GW over the next five years.At Adani Energy Solutions, the transmission order book expanded to Rs 72,000 crore during the year, supported by projects such as the Khavda-South Olpad high-voltage direct current (HVDC) transmission corridor. Adani said the company remains the only private-sector player in India with demonstrated expertise in HVDC technology.The conglomerate is also broadening its footprint in low-carbon energy. Adani announced a partnership with Bhutan’s Druk Green Power Corporation to jointly develop 5,000 MW of hydropower capacity, a move aimed at strengthening regional energy cooperation while adding renewable baseload power generation.In the gas distribution segment, Adani Total Gas crossed 1.1 million residential piped natural gas connections during the year. The company plans to further expand its network to cater to rising demand for cleaner energy sources.Beyond the energy business, Adani highlighted continued growth across the group’s ports, airports, logistics, digital infrastructure and industrial operations.Adani Ports handled more than 500 million tonnes of cargo during FY26 and remains on course to achieve its goal of managing 1 billion tonnes annually by 2030. Meanwhile, Vizhinjam Port crossed the milestone of 1 million TEUs within its first year of operations.The group also commissioned the Navi Mumbai International Airport and opened a new terminal at Guwahati Airport. In the digital infrastructure segment, Adani said the group’s data centre business is targeting a capacity of 3 GW by 2030. He added that a binding agreement signed with Google for a gigawatt-scale data centre project in Visakhapatnam reflects the rising demand for digital infrastructure across the country.Within the mining services business, the addition of four new mine developer and operator contracts increased total capacity to a record 145 million tonnes per year, strengthening the supply of fuel and raw materials for the wider industrial sector.For FY26, the Adani Group reported consolidated revenue of Rs 2.92 lakh crore, marking a 7.4% increase from the previous year. EBITDA rose to Rs 94,834 crore, while profit after tax climbed 13.9% to Rs 46,376 crore.
