Adani Group AGM: Gautam Adani Unveils Rs 2 Lakh Crore Power Sector Capex and Nuclear Ambitions

The conglomerate is set to pivot toward nuclear energy and massive infrastructure expansion, targeting a 10 GW capacity by 2035.

At the latest Adani Group AGM, the scale of the group's future ambitions became clear: a massive Rs 2 lakh crore capital expenditure (capex) program focused on the power sector. Gautam Adani set a bold roadmap for the conglomerate, signaling a strategic shift toward cleaner, round-the-clock baseload power. Central to this vision is a plan to develop 10 gigawatts (GW) of nuclear energy capacity by 2035, with the company already scouting for project sites.

This pivot into the nuclear space follows the December 2025 passage of the 'SHANTI' bill—the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill. The legislation marks a significant departure from state-run monopolies, unlocking doors for private players to participate in nuclear fuel mining, reactor operations, and research and development. For the Adani group, this is not just an entry into a new vertical but a calculated attempt to secure the nation’s energy future.

Scaling the Power Grid

Beyond nuclear power, the group is aggressively expanding its conventional and renewable footprint. The overarching goal is to hit a 45 GW capacity in the coming years. This is supported by international collaborations, most notably with Bhutan’s Druk Green Power Corporation, which will see the development of a 5,000 MW hydropower project. Simultaneously, the group is pouring over Rs 1.5 lakh crore into hard infrastructure for the 2025-26 fiscal year, cementing its role as a primary engine of India's utility growth.

The group is also tightening its internal operations. Gautam Adani outlined a new three-tier organizational structure designed to flatten the bureaucracy and bring decision-making closer to the ground-level sites. By offloading non-core activities to Global Capability Centers (GCCs) or specialized partners, the management hopes to streamline accountability across its sprawling interests, which now include a burgeoning aerospace manufacturing ecosystem. Through partnerships with Leonardo and Embraer, the group is building integrated capabilities in helicopter and aircraft production, alongside its existing defense contributions in drones and missile systems.

Why It Matters

The significance of this gautam adani group agm lies in the convergence of policy and private capital. By moving into nuclear energy, the group is betting on the government's long-term vision to de-carbonize the grid while meeting the relentless surge in industrial power demand. This multi-pronged approach—spanning hydro, nuclear, and defense manufacturing—suggests the company is repositioning itself as a "national asset" provider rather than just an infrastructure player. If executed, this scale of capex will likely define the energy security landscape for the next decade, though success will depend on how quickly the group can navigate the complex regulatory and technological hurdles of the nascent private nuclear sector.