BAJAJ BROKING
NTPC will invest $62 billion to build 30 GW of nuclear power, tripling its original target. The expansion aligns with India’s 500 GW non-fossil fuel target by 2030. NTPC share price remains under focus as the company eyes strategic partnerships globally.
Indian state-run power company NTPC has significantly increased its nuclear power ambitions, planning to invest $62 billion in building 30 gigawatts of capacity over the next two decades. This move, which triples its previous 10 GW target, follows India’s recent decision to open the nuclear sector to private and foreign investment. The company aims to play a leading role in the country’s nuclear energy landscape, mirroring its dominance in thermal power. NTPC’s ambitious strategy supports India’s goal of 500 GW of non-fossil fuel capacity by 2030 and 100 GW of nuclear power by 2047.
Also read: Bharti Airtel to Execute ₹8,000 Crore Block Deal on February 18, 2025
NTPC plans to invest $62 billion in nuclear power development.
The target has tripled from 10 GW to 30 GW following policy changes.
India aims for 500 GW of clean energy and 100 GW of nuclear capacity by 2047.
NTPC is already constructing two 2.6 GW nuclear plants in Madhya Pradesh and Rajasthan.
The company is seeking approvals in eight states for land acquisition and studies.
Private players like Tata Power and Reliance have also shown interest in nuclear power.
Also read: Uno Minda Partners with Inovance Automotive for EV Powertrain Development
Currently, the Nuclear Power Corporation of India is the sole operator of India’s nuclear power, with an 8 GW installed capacity, which is set to rise to 20 GW by 2032. NTPC is actively expanding its footprint by collaborating with foreign nuclear firms, including France’s EDF, General Electric, and Holtec International from the US, for small modular reactor projects. The company’s new nuclear division, NTPC Parmanu Urja Nigam, will oversee these investments, ensuring streamlined execution.
India’s nuclear energy expansion faces land acquisition challenges, but NTPC is engaging in detailed studies for 27 locations across eight states. The government’s decision to allow private and foreign investments is expected to accelerate nuclear capacity addition, making it a crucial component of India's clean energy future.
Category | Details |
Investment | $62 billion |
Total capacity | 30 GW |
Initial target | 10 GW |
Timeline | Next two decades |
Ongoing projects | Two 2.6 GW plants in MP and Rajasthan |
Operator | NTPC Parmanu Urja Nigam |
Potential partners | EDF (France), General Electric (US), Holtec International (US) |
India’s nuclear goal | 100 GW by 2047 |
NTPC's expansion into nuclear power is expected to impact its market valuation. The NTPC share price has remained a focal point for investors as the company diversifies into non-fossil energy sources. With private players like Tata Power, Vedanta, and Reliance also eyeing nuclear projects, the sector is poised for competitive growth. Investors are closely watching NTPC’s nuclear strategy and partnerships, which could significantly influence its stock performance in the long run.
NTPC’s $62 billion investment in nuclear power underscores its commitment to India’s clean energy ambitions. With foreign collaborations, strategic land acquisitions, and advanced technology integration, NTPC is positioning itself as a leader in nuclear energy. As India pushes towards its 500 GW renewable target, NTPC’s nuclear expansion will be a crucial factor in achieving energy security. The NTPC share price remains a key indicator of investor confidence in this ambitious growth plan.
Also read: Zomato Unveils AI-Powered Nugget, a No-Code Customer Support Platform
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer
Share this article:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading