Adani Group sets 10 GW nuclear target by 2035, unveils ₹2L cr thermal capex and Google data centre tie-up
At AGM, Gautam Adani announced nuclear entry via Adani Atomic Energy targeting 10 GW by 2035, ₹2 lakh crore thermal capex to add 45 GW in 5 years, a Google data centre partnership in Visakhapatnam, Navi Mumbai airport launch, and group restructuring. FY26 infra investment hit ₹1.5 lakh crore; consolidated revenue rose 7.4% to ₹2.92 lakh crore, PAT up 13.9% to ₹46,376 crore.
What happened
Adani Group · At AGM, Gautam Adani announced nuclear entry targeting 10 GW by 2035, ₹2 lakh crore thermal capex, Google data centre tie-up in Visakhapatnam,
Key facts
- 10 GW nuclear by 2035
- ₹2 lakh crore thermal capex
- 45 GW thermal in 5 years
- 5,000 MW hydropower
- ₹1.5 lakh crore infra invested FY26
- 3 GW data centres by 2030
- 500 mn tonnes cargo
- 1 bn tonnes target by 2030
- 90 mn passenger airport capacity
- Revenue ₹2.92 lakh crore (+7.4%)
- PAT ₹46,376 crore (+13.9%)
Why this matters
The Google-Adani Visakhapatnam data centre tie-up and group restructuring open partnership lanes for hyperscaler-adjacent retail, logistics, and airport-linked commerce plays.
What to watch
- Government policy on private sector nuclear participation (Atomic Energy Act amendment)
- Adani Power/Green order book additions and PPA signings
- Group consolidated net debt/EBITDA trajectory each quarter
- Additional hyperscaler DC announcements (AWS, Microsoft, Meta) in India
- Short-seller or rating agency commentary on capex intensity
- Restructuring announcements — listing of Adani Airports, Cement, or new verticals
- Track Adani Atomic Energy regulatory filings with DAE/AERB and JV partner selection
- Model thermal 45 GW PPA coverage and coal linkage allocations
- Stress-test group debt against ₹1.5L cr/yr infra run-rate and FY27 refinancing wall
- Map Google DC anchor terms — power tariff, land, captive renewable bundling
- Watch Navi Mumbai airport ramp curve as proxy for execution credibility