Adani Power Enters Nuclear Energy Sector, Forms Adani Atomic Energy Limited

Adani Power Limited has taken a major strategic step by entering India’s nuclear energy sector. The company has officially incorporated a new wholly owned subsidiary named Adani Atomic Energy Limited (AAEL) to explore opportunities in nuclear power generation, transmission, and distribution.

According to the company’s filing with the stock exchange, AAEL will focus on developing projects related to civil nuclear energy. The subsidiary was officially registered on February 11, 2026, and will operate as a 100% owned arm of Adani Power.

This move signals Adani Group’s long-term commitment to expanding its presence in India’s evolving energy landscape.

SHANTI Act Opens Doors for Private Companies in Nuclear Sector

Adani’s entry into nuclear energy comes shortly after the Indian Parliament passed the SHANTI Act in December 2025. The new law aims to open India’s civil nuclear power sector to private companies.

The Government of India has set an ambitious target to increase the country’s nuclear power capacity to 100 gigawatts (GW) by 2047. With this policy shift, large corporate groups are now exploring investment opportunities in nuclear infrastructure and clean energy generation.

The SHANTI Act is expected to attract long-term capital and technology partnerships, making nuclear energy a key pillar in India’s energy transition plan.

Initial Capital Structure of Adani Atomic Energy Limited

Adani Atomic Energy Limited has been incorporated with an initial authorized capital of Rs 5 lakh, divided into 50,000 equity shares with a face value of Rs 10 each.

Although the starting capital appears small, market experts believe this is a strategic entry move. The structure allows flexibility for future capital infusion as projects are finalized and regulatory approvals are secured.

Such a phased entry approach is common in infrastructure sectors that require large-scale investment over time.

Adani Power Share Price Reacts Amid Earnings Pressure

While the nuclear announcement grabbed attention, Adani Power’s stock saw mild weakness in early trade on February 12. The share price slipped about 0.73% to Rs 149.75 during morning trading.

Investors are currently focused on the company’s recent quarterly performance and margin trends, which have shown mixed signals.

Q3 FY26 Results: Profit and Revenue Decline

For the quarter ended December 2025, Adani Power reported a consolidated net profit of Rs 2,488 crore, marking a nearly 15% year-on-year decline.

Revenue from operations also fell approximately 9% to Rs 12,451 crore compared to the same quarter last year.

However, there was some positive development. The company’s EBITDA margin improved to 36.5%, indicating stronger operational efficiency despite revenue pressure.

Lower Costs Provide Relief, But Income Remains Under Pressure

During the quarter, Adani Power benefited from reduced fuel costs and finance expenses, which helped control overall expenditure.

Total expenses declined to Rs 10,050 crore, offering some cushion to margins. Despite cost reductions, Profit Before Tax (PBT) fell nearly 27% year-on-year, mainly due to lower overall revenue.

The results highlight short-term financial pressure even as the company positions itself for long-term growth.

Long-Term Strategy: Diversifying into Clean and Nuclear Energy

Industry analysts view Adani Power’s entry into nuclear energy as part of a broader long-term strategy to diversify beyond thermal power.

India’s energy demand is rising steadily, and the government is pushing for cleaner and more reliable energy sources. Nuclear power offers:

• Stable base-load electricity supply

• Lower carbon emissions compared to coal

• Long-term sustainability benefits

• Energy security advantages

If executed successfully, Adani’s nuclear expansion could significantly reshape its future energy portfolio.

What It Means for Investors

In the short term, Adani Power’s stock performance may depend on:

• Operational efficiency

• Margin stability

• Fuel cost trends

• Regulatory clarity in the nuclear sector

In the long term, however, the nuclear venture could open high-value growth opportunities, especially as India accelerates its clean energy transition toward 2047 goals.

Adani Power’s formation of Adani Atomic Energy Limited marks an important milestone in India’s private sector participation in nuclear energy. Backed by the newly passed SHANTI Act and the government’s 100 GW nuclear capacity target, the move reflects long-term strategic planning.

While recent quarterly results show earnings pressure, the company’s expansion into nuclear power signals a forward-looking approach aimed at sustainable growth and diversification.

Investors and industry watchers will now closely monitor regulatory developments, capital commitments, and project announcements in the coming months.