Adani Power has set up a nuclear generation and distribution subsidiary, Adani Atomic Energy, The Economic Times reports.The firm’s venture into nuclear power could create investment windows for Gulf investors, particularly the SWFs, which already own a share of the pie in Adani Group companies.

Policy revamp: The move follows new laws introduced in December that dismantled the state’s decades-old monopoly on nuclear power and invited private capital into the sector for the first time.

Why it matters: It aligns perfectly with the India-UAE civil nuclear energy ties, positioning Adani as a private vehicle for cross-border joint ventures in small modular reactors to power the corridor’s high-growth AI and data center hubs. India and the UAE are exploring partnership to develop large nuclear reactors and small modular reactors.

This marks the group’s entry into the nuclear power segment as it seeks to phase out coal-fired power projects. Adani Power has previously outlined plans to replace its 18 GW thermal capacity with 30 GW of nuclear capacity as legacy power purchase agreements expire.

The pattern: This comes as Tata Power evaluates three potential sites across the country for future nuclear power projects. Adani is positioning itself alongside Tata as a private-sector counterpart to the government’s ambitious 100 GW nuclear target by 2047. India currently has 8.7 GW of nuclear capacity.

Budgetary tailwind: India’s 2026 national budget handed the new entrants, Tata and Adani in this case, a major advantage by extending customs duty exemptions on nuclear equipment until 2035 — crucial for a company that will likely need to import reactor technology.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

Tags: