Indian conglomerate Adani Group has unveiled plans to build up to 10 gigawatts (GW) of nuclear power capacity by 2035, positioning itself to become a leading private investor in India’s emerging nuclear energy market.
Addressing shareholders at the company’s annual general meeting, Chairman Gautam Adani said the group’s entry into nuclear energy through Adani Atomic Energy marks a strategic step toward supporting India’s future energy needs with clean, reliable baseload power.
He indicated that suitable land has already been identified for the proposed projects as the company seeks to capitalize on recent reforms opening India’s civil nuclear sector to private participation.
India aims to expand its installed nuclear generation capacity from the current 8.8GW to 100GW by 2047 under its Nuclear Energy Mission, a target expected to require investments estimated at about US$204 billion.
As part of its nuclear ambitions, Adani Group is reportedly engaging with authorities in Uttar Pradesh on a potential public-private partnership to develop small modular reactors (SMRs). The proposed initiative could involve the construction of eight SMRs with a combined capacity of 1,600MW.
Should the company achieve its 10GW target, it would rank among India’s largest nuclear power producers, behind only state-owned operators Nuclear Power Corporation of India Limited and NTPC Limited.
The announcement underscores growing private sector interest in India’s nuclear energy industry as the government accelerates efforts to diversify the country’s energy mix and strengthen long-term energy security.