Adani Power has notified the National Stock Exchange of India Limited that its wholly owned Adani Atomic Energy Limited subsidiary incorporated Coastal-Maha Atomic Energy Limited on 13 April. The Certificate of Incorporation was received on 18 April.
Adani Power, part of the diversified Adani Group, is the largest private thermal power producer in India with an installed thermal power capacity of 12,410 MW spread across six power plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh, plus a 40 MW solar power plant in Gujarat.
According to the stock exchange filing, Coastal-Maha Atomic Energy Limited is a wholly owned subsidiary of Adani Atomic Energy Limited.
Adani Power was announced by Nuclear Power Corporation of India Ltd (NPCIL) last year as having expressed interest in using Bharat Small Reactors – compact 220 MWe pressurised heavy water reactors which are being designed and developed by the Bhabha Atomic Research Centre and NPCIL.
Minister of Finance Nirmala Sitharaman announced in the July 2024 budget that the government would partner with the private sector to set up Bharat Small Reactors as part of its efforts to achieve net-zero goals. The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act 2025, which completed the legislative process in late 2025, opens up India’s nuclear sector to participation from private companies.
The Business Standard reported that Adani Power’s stock rose 3.15% following the announcement.
