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NTPC to Invest $62 Billion for 30 GW Nuclear Power Expansion in India

Synopsis:

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.

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NTPC LTD

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325.150.00 (0.00 %)

Updated - [-]
327.15day high
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311.50day low
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22888146
VOLUME (BSE)

Key takeaways

  • 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.

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India’s growing nuclear ambitions

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.

NTPC’s nuclear power expansion plan

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

Strategic impact on NTPC share price

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.

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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