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US-based Holtec International is in advanced discussions with NTPC and in talks with the Vedanta Group

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: US-based Holtec International is in advanced discussions with NTPC and in talks with the Vedanta Group and other companies to deploy its SMR-300 Small Modular Reactor (SMR) technology in India following the enactment of the SHANTI Act, 2025. The company is targeting a 15 GW SMR pipeline, including an initial 10 GW fleet-development platform with NTPC, while partnering with L&T for manufacturing, engineering and phased localisation of SMR components.

View: The development reinforces India's emerging nuclear ecosystem following the SHANTI Act, which enables private sector participation and targets 100 GW of nuclear capacity by 2047. A successful rollout would create long-term opportunities for NTPC, L&T, heavy engineering and nuclear equipment suppliers, while supporting India's clean energy transition, energy security and domestic nuclear manufacturing capabilities.

Impact: Positive

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