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Corporate

Adani targets 10 GW nuclear capacity by 2035

The Adani Group has unveiled one of its most ambitious energy expansion plans yet, betting heavily on nuclear power while committing trillions of rupees to strengthen its position across India’s fast-growing energy sector.

Addressing shareholders at the group’s Annual General Meeting (AGM), Chairman Gautam Adani laid out a roadmap that reflects the scale of India’s future electricity needs. At the centre of the plan is a target to build 10 gigawatts (GW) of nuclear power capacity by 2035, signalling the conglomerate’s intention to become a major player in a segment that has traditionally been dominated by the public sector.

The announcement comes as India seeks to balance rapid economic growth with the need for cleaner and more reliable energy sources. According to Adani, the country’s rising population, expanding cities and accelerating industrialisation will significantly increase electricity demand over the coming decades, requiring investments across multiple power technologies.

To support this vision, Adani Power plans to invest more than ₹2 trillion over the next five years. The company aims to increase its total power generation capacity to 45 GW, strengthening its standing among India’s largest private electricity producers.

While renewable energy remains a key pillar of the group’s strategy, Adani indicated that conventional thermal power will continue to play an important role in ensuring energy security. The company intends to maintain a diversified energy portfolio that combines thermal, renewable and nuclear power generation.

Beyond electricity production, the group is expanding across the broader energy ecosystem. Gautam Adani highlighted investments in solar manufacturing, power transmission infrastructure, green hydrogen projects and renewable energy developments. The objective, he said, is to create an integrated energy platform capable of supporting India’s long-term growth ambitions.

The nuclear power target is particularly significant because India is increasingly exploring low-carbon energy sources that can provide stable electricity around the clock. Unlike solar and wind power, nuclear plants can generate power continuously, making them an important complement to renewable energy.

Although regulatory clearances and government policy support will be critical for the proposed nuclear programme, the message from the Adani Group was clear: it sees India’s energy demand growing rapidly in the years ahead and wants to be at the forefront of meeting that demand. With major investments planned across multiple sectors, the group is positioning itself for what it believes will be the next phase of India’s energy transformation.

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Leaders

Gautam Adani reclaims title of Asia’s richest person

Billionaire industrialist Gautam Adani has once again become Asia’s richest person after a sharp rise in the market value of Adani Group companies boosted his personal wealth.

According to the latest Forbes Real-Time Billionaires rankings, Adani’s net worth has climbed to approximately $89.2 billion, allowing him to move ahead of Mukesh Ambani and Masayoshi Son in the race for the top spot in Asia. The surge comes after strong gains across several listed Adani Group firms in recent weeks.

The rally has been driven by investor confidence in key group companies, including ports, energy, power and infrastructure businesses. Shares of several Adani firms have recorded notable gains, increasing the combined market value of the conglomerate and significantly adding to the chairman’s fortune.

For much of the past few years, the title of Asia’s richest person has shifted between Adani and Ambani, reflecting movements in the stock prices of their respective business empires. More recently, SoftBank founder Masayoshi Son had briefly moved ahead of both Indian billionaires, aided by gains linked to the global artificial intelligence boom. However, market fluctuations have once again altered the rankings.

Adani’s return to the top marks another milestone in the recovery of the Adani Group, which has faced periods of volatility and regulatory scrutiny in recent years. Despite these challenges, the group has continued to expand its presence across infrastructure, renewable energy, logistics and other sectors.

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Uncategorized

US set to drop fraud case against Gautam Adani

US authorities are moving to end long-running fraud proceedings against billionaire industrialist Gautam Adani, in what could mark a major legal breakthrough for the Adani Group.

According to reports, the US Department of Justice (DoJ) is preparing to drop criminal fraud charges linked to allegations of a large bribery scheme tied to solar power contracts in India. At the same time, the US Securities and Exchange Commission (SEC) is moving toward settling a parallel civil case filed in November 2024.

The SEC settlement is expected to involve a monetary penalty, though without admission of wrongdoing. The exact terms are yet to be finalised and remain subject to court approval.

The case had alleged that Adani and associates were involved in a scheme involving over $250 million in alleged bribes to secure energy contracts, while misleading investors during fundraising in US markets. The Adani Group has consistently denied all allegations.

If the cases are formally closed, it would remove a major legal overhang for one of India’s largest conglomerates, which operates across sectors including ports, energy, infrastructure, and logistics. It would also improve the group’s ability to access international capital markets and pursue expansion plans.

Reports suggest the DoJ may announce withdrawal of charges soon, while the SEC settlement could be concluded with a fine. The developments come after months of legal proceedings, negotiations, and filings in US courts.

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Leaders

Gautam Adani connects AI growth to energy infrastructure

At the CII Annual Summit 2026, Gautam Adani said the next phase of global competition will be driven not by traditional industries but by control over energy systems, computing power, and data infrastructure. He described artificial intelligence as a defining force that will reshape geopolitics and economic strength.

He argued that energy and digital infrastructure are now inseparable, saying reliable power supply is essential for large-scale AI systems and data centres. According to him, countries that secure both clean energy and computing capacity will have a strategic advantage in the future.

Adani highlighted the idea of “compute sovereignty,” where nations develop and host their own AI systems and data infrastructure instead of relying on external providers. He warned that dependence on foreign systems in critical sectors like defence, healthcare, and finance could pose long-term risks.

He also stressed that the growth of AI will require massive expansion in electricity generation, especially from renewable sources. This, he said, makes energy transition not just an environmental goal but a strategic necessity.

The address reflected a broader push in India toward building domestic AI and data ecosystems, with large investments in hyperscale data centres powered by renewable energy.

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1 Minute-Read

Gautam Adani meets Vietnam President in Mumbai

Industrialist Gautam Adani met visiting Vietnamese President To Lam in Mumbai on Thursday in a brief interaction following a major India–Vietnam business forum. The meeting reportedly lasted around 15 minutes and took place at a hotel in south Mumbai. No official details of the discussion were released by either side.

The interaction is being seen as part of broader efforts to strengthen trade and investment ties between India and Vietnam during the President’s official visit. The visit has focused on expanding cooperation in infrastructure, energy, manufacturing, and other key sectors. Adani Group has shown interest in Southeast Asia, including Vietnam, for future investments.

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1 Minute-Read

Gautam Adani launches employee initiative on anniversary

Gautam Adani marked his 40th wedding anniversary by offering prayers at Kedarnath Temple along with his wife, Priti Adani.

The day was special as it coincided with both his anniversary and International Labour Day. The couple prayed for the country’s progress and well-being.

On the same occasion, Adani announced a new employee initiative called “Apni Baat, Apno Ke Saath”. The platform aims to connect with over four lakh employees across the Adani Group and encourage open communication.

In a message, he thanked his wife for her support over the years, calling her a key part of his journey.

The announcement reflects both a personal milestone and a step towards improving employee engagement within the group.

Categories
Beyond

Gautam Adani gets US Court hearing

A US federal court has agreed to hear a plea filed by Indian billionaire Gautam Adani seeking dismissal of a fraud case brought by the US Securities and Exchange Commission (SEC). The move marks an important step in the ongoing legal proceedings involving the Adani Group.

The SEC has accused Adani and his nephew, Sagar Adani, of being part of an alleged bribery scheme connected to business deals involving Adani Green Energy. According to the regulator, the alleged misconduct was not disclosed to investors during a bond issuance in 2021, potentially misleading those who invested in the offering.

During a recent hearing in New York, the court permitted Adani’s legal team to move forward with a pre-motion process. This allows them to formally argue why the case should be dismissed before it proceeds further in court. While this does not mean the case has been dropped, it gives the defence an opportunity to challenge the SEC’s claims at an early stage.

Adani’s lawyers have denied all allegations, stating there is no reliable evidence of wrongdoing. They have also argued that the SEC lacks jurisdiction, claiming the events in question occurred outside the United States and do not fall under US securities laws. Additionally, the defence maintains that neither Gautam Adani nor Sagar Adani played a direct role in the bond issuance tied to the case.

The lawsuit is part of a wider scrutiny of the Adani Group’s financial practices, which has drawn international attention over the past few years. The SEC alleges that critical information related to the alleged scheme was withheld from global investors.

Legal observers note that the court’s willingness to hear the dismissal plea is a routine but significant procedural step. The final outcome will depend on how convincingly Adani’s legal team can challenge both the allegations and the SEC’s jurisdiction.

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Corporate

Gautam Adani inaugurates Sharad Pawar AI Centre in Baramati, Pune

Industrialist Gautam Adani on Sunday inaugurated the Sharadchandra Pawar Centre of Excellence in Artificial Intelligence in Baramati, Pune, marking a significant step toward strengthening India’s AI ecosystem.

The centre, established under Vidya Pratishthan, is designed as a research and training hub to build advanced AI capabilities and create industry-ready talent. Senior leaders, including Sharad Pawar, Supriya Sule, Ajit Pawar, and Sunetra Pawar, were present at the inauguration.

Addressing the gathering, Adani described Sharad Pawar as a mentor of over three decades and credited his leadership for transforming Baramati through education, cooperatives, and rural development. He said the region reflects what focused vision and sustained institution-building can achieve.

Emphasising the growing importance of artificial intelligence, Adani said India’s future growth will depend on its ability to develop indigenous AI models, data systems, and digital infrastructure, cautioning against excessive dependence on foreign technologies. He urged young Indians to take the lead in shaping the “age of intelligence.”

The new centre is expected to support advanced research, skill development, and practical AI applications, with a focus on linking innovation to real-world needs across sectors, including rural and emerging industries. The initiative positions Baramati as an emerging destination for technology-driven education and industry–academia collaboration.

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Corporate

IIT Dhanbad hosts Adani’s USD 75 billion clean energy vision

At the 100th anniversary of IIT (ISM) Dhanbad on December 9, Gautam Adani, chairman of the Adani Group, laid out a bold vision for India’s clean-energy future. He announced that his group plans to invest over USD 75 billion in the next five years to accelerate the country’s energy transition, making India a global leader in renewable power.

Adani revealed that the first 10 gigawatts of renewable energy under this programme have already been commissioned. He outlined plans to build the world’s largest renewable energy park at Khavda, Gujarat, covering 520 square kilometres. Once fully operational by 2030, the park is expected to generate 30 GW of green energy, enough to power over 60 million Indian homes annually.

He described this as a push for “the world’s lowest-cost green electron,” aiming to set a global benchmark in energy transition. Adani urged students and young engineers to recognize the historic opportunity: as industries worldwide move toward decarbonisation, sectors like steel, hydrogen, manufacturing, and digital infrastructure will increasingly rely on clean energy.

Beyond energy, Adani announced two major initiatives for IIT Dhanbad students. The Adani Annual Internship Programme will provide 50 paid internships every year to third-year students, with at least 25% likely to receive pre-placement offers. This gives students a direct pathway into one of India’s largest business groups.

In addition, the Adani 3S Mining Excellence Centre, in collaboration with TEXMiN, will offer a hi-tech ecosystem for research and training in responsible mining. Students will gain hands-on experience with drones, seismic sensing, metaverse labs, and precision blasting technologies, bridging classroom learning with real-world applications.

Adani concluded by urging students to understand the “language of the earth,” use natural resources wisely, and contribute to India’s rise through innovation and sustainable energy. With these initiatives, IIT Dhanbad students will be at the forefront of India’s green revolution while gaining valuable industry experience.

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Corporate

Adani’s new ad film turns airports into caring companions

The Adani Group has released a heartfelt new film that brings to life the idea that airports are more than terminals, in fact they are companions in every traveler’s journey. Part of the group’s #HumKarkeDikhateHain campaign, the ad tells the story of an elderly couple taking their first international trip.

Excited yet nervous, the couple relies on a handwritten note from their son to navigate the airport. When the note is misplaced, their anxiety grows. That’s when an attentive Adani Airport staff member steps in, offering assistance with mobility, guiding them through shopping and lounges, and personally escorting them to their boarding gate. The story captures small acts of care that make travel smoother and more comforting, emphasizing empathy alongside efficiency.

Gautam Adani shared the campaign’s message on X (formerly Twitter):

“We promise to open new skies, carry your dreams across horizons, and hold your hand while you soar.”

The ad was directed by acclaimed filmmaker Shoojit Sircar and conceptualized by Ogilvy India, reflecting Adani’s vision of human-centric service. It reinforces the idea that Adani Airports are not just about world-class infrastructure, but also about creating experiences where travelers feel supported and valued. The campaign tagline sums up this philosophy perfectly:

“We don’t just run world-class airports… we become companions on your journey. Adani. Hum Karke Dikhate Hain.”

The launch of this film comes ahead of the much-anticipated opening of Navi Mumbai International Airport (NMIA) on December 25. The airport is being developed under a public-private partnership, with Adani Airports holding a 74% stake and CIDCO the remaining 26%.

With this campaign, the Adani Group aims to humanize air travel, showing that even in a busy, bustling airport, travelers can expect empathy, attention, and genuine care. It’s a strategic effort to strengthen the brand’s image while connecting emotionally with passengers, highlighting that every journey, whether first or hundredth, can be supported and memorable.

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