Adani Power has incorporated a new wholly owned subsidiary, Adani Atomic Energy, marking its formal entry into the nuclear energy space.
Adani Atomic Energy has been incorporated with an authorised share capital of Rs 5,00,000, divided into 50,000 equity shares of Rs 10 each.
Adani Power to hold 100% stake in Adani Atomic Energy
The investment has been made in cash, with Adani Power holding complete ownership and control of the company.
As a wholly owned arm, Adani Atomic Energy will also classified as a related party of the listed company, Adani Power under regulatory norms.
Adani Power Q3
Adani Power in its Q3FY26 posted a 15% year-on-year (YoY) drop in consolidated net profit to Rs 2,488 crore.
The company in its Q3 statement said that the increase in profit was mainly due to lower one-time income. “Consolidated profit after tax for Q3 FY26 was at Rs 2,488 crore vs Rs 2,940 crore for Q3 FY25, mainly due to lower one-time prior period income,” a company said.
Total revenue for Q3 FY26 stood at Rs 12,717 crore vs Rs 13,434 crore in Q3 FY25, despite lower rates and lower other income, it said.
Consolidated power sale volume of 23.6 billion units (BUs) in Q3 FY26 was against 23.3 BUs in Q3 FY25, despite demand disruptions due to early and prolonged monsoon.
During the reporting quarter, the company received a new long-term power purchase agreement award of 3,200 MW from Assam power discom.
S B Khyalia, CEO of Adani Power, said, “We are swiftly securing long-term power purchase agreements for our upcoming capacities, with nearly half of our 23.7 GW expansion already tied up in PPAs with state discoms. Our project execution is progressing exceptionally well, meeting or exceeding our targets.”
Adani Power share price
The share price of Adani Power opened in red on Thursday declining nearly 1%. The stock, however, has increased 26.6% in past six months.