- 21 Aug 2024
- ICICI Securities
NTPC PLANNING TO GO BIG ON NUCLEAR ENERGY GENERATION
NTPC - 342 Change: -7.05 (-2.02 %)News: The country’s largest power company NTPC is planning to go big on nuclear energy generation and has plans to make NTPC nuclear power company, which will be 100% subsidiary of NTPC, and is exploring sites in several states for setting up nuclear units. The NTPC’s first nuclear power project in Mahi, Banswara in Rajasthan in a joint venture with Nuclear Power Corporation of India Limited (NPCIL) is likely to take the activities of groundbreaking in the next two months. After Rajasthan, the power generator is in talks with Gujarat, Tamil Nadu, Chhattisgarh, Odisha and Karnataka for setting up thermal power units.
Views: This is line with company’s strategy to increase the share of non fossil fuel portfolio to 45% by 2032 and held create diversity in the green portfolio of the company as well.
Impact: Positive