Adani stocks gain as group unveils nuclear power entry, ₹2-lakh crore expansion plan

Shares of Adani Group companies traded higher on Wednesday after chairman Gautam Adani announced an ambitious expansion roadmap at the conglomerate’s 34th Annual General Meeting (AGM), including a planned entry into nuclear power generation and a ₹2 lakh crore investment programme for the energy business.

The group’s flagship company, Adani Enterprises, rose as much as 2.4% during intraday trade to ₹3,038.40. The stock also drew support after Morgan Stanley initiated coverage with an “Overweight” rating.

Buying interest was visible across parts of the Adani pack, with Ambuja Cements and Orient Cement emerging among the top gainers, rising 2.5% and 2.6%, respectively. Adani Ports gained 1%, ACC added 1.1%, while Adani Energy Solutions and Adani Total Gas posted modest gains. In contrast, Adani Power, Adani Green Energy, AWL Agri Business and NDTV traded lower, indicating a mixed response across the group’s listed entities.

Group targets 10 GW nuclear capacity

A key highlight of the AGM was the group’s proposed entry into the nuclear power sector through a newly formed Adani Atomic Energy business.

Addressing shareholders, Gautam Adani said the company aims to develop 10 GW of nuclear power capacity by 2035, marking one of the most significant diversification moves undertaken by the conglomerate in recent years.

The chairman said the group is positioning itself for India’s long-term energy requirements while continuing to expand across conventional and renewable power businesses.

“We are now one of the very few global companies that are not reacting to the future but are prepared for it,” Adani said.

₹2 lakh crore power expansion

The billionaire industrialist also announced what he described as the group’s largest-ever private-sector power investment programme.

The Adani Group plans to invest more than ₹2 lakh crore to expand Adani Power’s generation capacity to 45 GW over the next five years.

Adani said the conglomerate had already executed capital expenditure of more than ₹1.5 lakh crore during FY26 across its infrastructure businesses.

He also highlighted the group’s growing digital infrastructure ambitions, saying its data centre business is targeting a 3 GW platform by 2030 to cater to rising demand driven by artificial intelligence and cloud computing.

Addresses scrutiny and execution track record

During his address, Adani also referred to the heightened scrutiny faced by the group in recent years, saying the company remained focused on project execution and growth despite challenges.

“This progress did not come in calm conditions for us. It came in the middle of extraordinary scrutiny. However, we did not bend. We did not pause,” he told shareholders.

Highlighting the group’s execution capabilities, Adani added: “While others debated, your group built.”

The chairman said the group’s businesses continued to deliver growth across sectors ranging from ports and airports to energy, logistics and digital infrastructure, positioning it for the next phase of expansion.