ADANI POWER EXPANDS INTO NUCLEAR SECTOR WITH NEW SUBSIDIARY

Aligning with India’s long-term clean energy ambitions,

will be exxpanding into nuclear energy through it's subsidiary unit Adani Atomic Energy Limited. This entity will operate in the nuclear energy segment and will be engaged in the generation, transmission, and distribution of electricity derived from atomic energy. At present, India’s installed nuclear power capacity stands at 8.7 gigawatts. The country has set an ambitious target to scale this capacity to 100 gigawatts by 2047 as part of its broader clean energy roadmap. Having a market cap of Rs 4,13,850 crore, has delivered good profit growth of 65% CAGR over last 5 years. With it's entry into nuclear energy, the company's profits are expected to grow in the coming years.