Adani Group targets 10 GW nuclear power and data centers

Indian billionaire Gautam Adani announced a major strategic shift for his conglomerate into nuclear power generation and data centers, backed by record infrastructure spending, as the group moves past a period of intense legal scrutiny. The announcements were made during the Adani Group's annual general meeting on Wednesday.

Adani said the group is entering the nuclear energy sector through a new business, Adani Atomic Energy, with plans to develop 10 gigawatts of capacity by 2035. The company has already identified land for the projects. If realized, this would position the Adani Group as one of India's largest private-sector nuclear power operators, capitalizing on a recent legislative change that opened the sector to private investment. Adani framed the move as critical for providing clean, round-the-clock power to support India's industrial growth and rising electricity demand.

The nuclear plan is part of a broader expansion focused on energy security and digital infrastructure. Adani Power is implementing what was described as India's largest-ever private-sector power expansion program, involving an investment of over 2 trillion rupees with a target of building 45 GW of...