Adani Eyes Nuclear Power Breakthrough as India Opens Doors to Private Players

Policy Shift Unlocks Private Nuclear Ambitions

India's Atomic Energy Regulatory Board (AERB) and government announced on December 19, 2025, that private companies can now invest in and operate small modular reactors (SMRs) up to 300 MW, marking a historic departure from state monopoly. Adani Group, led by Gautam Adani, confirmed plans to pursue nuclear projects, leveraging its renewable expertise to integrate atomic power into its green energy portfolio.
​
This aligns with Prime Minister Modi's vision for net-zero by 2070, addressing coal dependency amid surging power needs from EVs and industry.

Key Highlights for Investors

Private Entry Approved: SMRs (up to 300 MW) open to firms like Adani, Reliance, Tata—first since 1948 Atomic Energy Act.​

Adani's Foray: Targets nuclear to complement 45 GW renewables pipeline; eyes tech partnerships abroad.​

Market Impact: Boosts Adani Green, Adani Power; sector could attract $50 Bn investments by 2035.​

Global Context: Follows US, UK models; India aims 22 GW nuclear capacity by 2031 (from 7 GW).​

Risks/Rewards: Regulatory clarity key; long gestation but stable revenues via PPAs.​

Sources: Economic Times, Business Standard, Reuters India.