NTPC shares surge 4% as firm explores international partnerships for nuclear plans; all you need to know

NTPC is looking to set up around 30 GW of company-owned nuclear projects across various locations in the country in line with the government's ambition of having 100 GW nuclear capacity by 2047.

For technology, NTPC has entered into non-disclosure agreements with global energy players Rosatom and EDF to explore collaboration on deploying large, pressurised water reactor projects in India, the report stated.

Besides, NTPC and Holtec International are exploring the deployment of small modular reactors (SMRs) in future nuclear projects.

SMRs offer potential advantages in terms of modular construction, enhanced safety features, and suitability for phased deployment. The company is also evaluating a minority equity investment in US-based Clean Core Thorium Energy (CCTE) as a strategic early-stage investment, subject to completion of necessary due diligence and receipt of requisite statutory and regulatory approvals.

CCTE has developed a patented thorium and enriched uranium nuclear fuel called ANEEL and has claimed the fuel to be compatible with existing pressurised heavy water reactors (PHWR)/Canada Deuterium Uranium (CANDU) reactors.

Meanwhile, NTPC is actively evaluating land options in states including Gujarat, Madhya Pradesh, Bihar, and Andhra Pradesh, among others, for nuclear sites. It will finalise the locations after seeking an approval from the Atomic Energy Regulatory Board.

About NTPC

Established in 1975 as a thermal power generator, NTPC Ltd has steadily expanded and diversified into new energy sources. According to the company’s website, the company has an installed capacity of over 85,000 MW at group level, spanning coal, gas/liquid fuel, hydro and solar power.

At present, NTPC is setting up a nuclear project in a joint venture (JV) with Nuclear Power Corporation of India Ltd (NPCIL) in Rajasthan at an investment of about ₹42,000 crore. The company has accelerated nuclear plans with legislative changes made recently to attract investments into this space.

This week, the power giant has commissioned around 14 MW of solar capacity at Khavda in Gujarat through a step-down subsidiary company. With this, the company's total installed and commercial capacity at the group level has increased to 85,637 MW, NTPC had said.

NTPC share price

At 2 PM, NTPC shares were trading at ₹348.9 apiece on the National Stock Exchange, climbing 3.75%.

In a month, shares of the firm have gained over 6%, while for six months’ time, they have surged 5%. On a year-on-year basis, NTPC shares have advanced 3%.

The company has a market capitalisation of ₹3.38 lakh crore.

Shares of the company had touched their one-year high of ₹371.45 apiece on March 25, 2025, while their 52-week low of ₹292.80 was hit on February 17, 2025.