Adani Group floats new arm for nuclear energy

Adani Power Ltd said it has incorporated a wholly owned subsidiary Adani Atomic Energy Ltd to focus on nuclear energy.

Listen to this article

Adani Atomic Energy’s focus will be to generate, transmit, and distribute electric power derived from nuclear and/or atomic energy, the company said in a stock exchange filing.

The development comes after the union government’s recent move enacting the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, which has received the assent of the President of India.

The SHANTI Act:

The Act permits private companies to participate in India’s nuclear sector, enabling them to undertake plant operations, power generation, equipment manufacturing, and selected activities such as the fabrication of nuclear fuel including conversion, refining and enrichment of uranium-235 up to such threshold value, or production, use, processing or disposal of other prescribed substances.

In addition, all activities that involve radiation exposure must obtain prior safety authorisation from the regulatory authority.

India’s present nuclear capacity stands at 8.78 GW and accounts for around 3 per cent of total electricity generation. With the indigenous 700 MW and 1000 MW reactors being developed through international cooperation, the capacity is projected to rise to 22.38 GW by 2031–32.

The country has a long term target of achieving 100 GW nuclear energy capacity by 2047.

India’s growing energy demands and clean energy commitments make a strong case for expanding nuclear capacity, as per the government.

Round-the-clock electricity is vital for emerging needs such as data centres and advanced industries, yet existing laws do not provide the flexibility or speed required for such growth. To meet the national target of 100 GW nuclear capacity by 2047 and advance long-term decarbonisation by 2070, a modern legal framework is essential, which enables wider participation, leverages indigenous resources, and integrates innovation with safety, it said.

Taken together, these developments highlight the need for progressive legislation that can repeal the 1962 Act and the 2010 liability law. A unified legislation allows India to expand the role of nuclear energy in its overall energy mix, encourage innovation, support non-power applications, and continue to uphold the highest standards of safety, security, safeguards, and liability. In this way, the bill serves as a natural progression of India’s evolving nuclear journey and provides a foundation for the sector’s future growth, the government said.

 

Latest

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform,...

One Millionth TVS iQube Rolled out

Since its launch in 2020, TVS iQube has grown...

Newsletter

Don't miss

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform,...

One Millionth TVS iQube Rolled out

Since its launch in 2020, TVS iQube has grown...

Iconic Norton Atlas rolls out at TVS Hosur Factory

The Atlas will be introduced to the India market...

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion investment to expand the company’s AI and cloud infrastructure in the country by 2030. This takes...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in FY26, with its market share increasing from 3.6 per cent in FY25 to 4.4 per...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform, delivering end-to-end transportation solutions that combine electric fleets, multi-form-factor mobility, charging infrastructure, intelligent fleet management...