• Source:JND
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Adani Group News: Paving a way toward generating energy through nuclear energy, Adani Power on Thursday incorporated a wholly owned subsidiary, Adani Atomic Energy Ltd (AAEL), with an authorised capital of Rs 5,00,000 divided into 50,000 equity shares of Rs 10 each, a regulatory filing said. The subsidiary has the aim to generate, transmit, and distribute electric power derived from nuclear or atomic energy.

Adani Power will have 100 per cent shareholding in the newly incorporated firm.

According to Adani Power, AAEL was incorporated in India on February 11, 2026, and received the Certificate of Incorporation from the Registrar of Companies, Central Registration Authority on February 11.

Meanwhile, Adani Power's share price ended the session slightly lower amid a decline in the domestic capital market. The stock settled at Rs 149.65, down Rs 1.26 or 0.83 per cent.

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Finance Minister Introduces SHANTI Bill 

Earlier in the Budget 2026, Finance Minister Nirmala Sitharaman introduced the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) law, allowing private sector participation in the heavily regulated civil nuclear sector.

The law was passed during the session as well.

Additionally, the Finance Minister Nirmala Sitharaman proposed an exemption on basic customs duty on imports of goods, requiring for nuclear power projects until 2035.

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The move was announced as an acceleration of India's aim to expand atomic energy capacity to 100 GW by 2047.


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