Adani Power has officially stepped into India’s nuclear energy sector with the creation of a wholly-owned subsidiary, Adani Atomic Energy Limited (AAEL). The Ahmedabad-based company announced the formation of AAEL on February 11, 2026, with an authorized capital of ₹5 lakh, divided into 50,000 equity shares, fully held by Adani Power. The new unit will focus on producing, transmitting, and distributing electricity from nuclear energy sources, marking the company’s first formal move into atomic power.
This strategic move follows the passage of the SHANTI Bill (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India), which allows private firms to participate in India’s previously state-controlled nuclear sector. Until now, the Nuclear Power Corporation of India Ltd (NPCIL) was the only operator of nuclear power plants in the country. The reforms aim to attract private investment, expand electricity generation, reduce carbon emissions, and diversify India’s energy mix.
While AAEL’s exact capacity plans, project timelines, and technology partners have not been disclosed, industry analysts say Adani Power is likely to explore partnerships with international firms to acquire nuclear technology and expertise. The company already has a strong presence in thermal and renewable energy, and this move signals a broader strategy to diversify into low-carbon, long-term energy solutions.
Financially, the market has responded positively to the news, reflecting investor confidence in the private sector’s entry into nuclear power. Government incentives, including customs duty exemptions on imported nuclear equipment and budget allocations for atomic energy, further support private participation.
Experts note that Adani Power is among the first private utilities to enter India’s nuclear sector, positioning it for potential long-term growth as the country scales up nuclear capacity.