NTPC Powers Ahead in India’s Nuclear Push

NTPC is playing a vital role in India’s ambitious plan to triple its nuclear power capacity from 8.1 GW to 22.8 GW by 2032 and achieve 100 GW by 2047. Nuclear energy is key to providing reliable, low-carbon power, essential for India’s energy security and carbon reduction goals. NTPC has actively entered the nuclear sector through strategic ventures. It owns 49% of Anushakti Vidhyut Nigam Limited (ASHVINI), a joint venture with Nuclear Power Corporation of India to build and operate nuclear plants. The transfer of the Mahi Banswara Rajasthan Atomic Power Project to ASHVINI marks progress in this direction.

C also formed Parmanu Urja Nigam Ltd to drive its nuclear business. The company is investing in advanced nuclear technology with a strong push toward Small Modular Reactors (SMRs). Through a memorandum of understanding with Bhabha Atomic Research Centre and discussions with international partners, NTPC is exploring indigenous SMR development, aiming to commission at least five SMRs by 2033. The government’s Rs 200 billion support for R&D boosts this effort. NTPC’s Nuclear Cell has identified 28 potential project sites and is securing state partnerships for timely development. It is also seeking foreign uranium assets and exploring new nuclear fuels to support growth. For shareholders, NTPC stands to benefit from long-term government backing, technology leadership, and a growing nuclear portfolio. Trading at a reasonable valuation relative to the sector, NTPC offers potential for sustainable growth and value creation amid India’s energy transition. Overall, NTPC’s nuclear ambitions make it a strong strategic play for investors seeking exposure to India’s clean energy future.