- 25 Apr 2024
- ICICI Securities
NTPC's entry into nuclear power generation
NTPC - 365 Change: -4.10 (-1.11 %)News: NTPC Ltd and Nuclear Power Corporation of India, through joint venture Anushakti Vidhyut Nigam Ltd, are looking to invite bids for works of 2,800-MW Mahi Banswara Rajasthan nuclear power project in this financial year in line with the government's aim to speed up nuclear power generation. In March, NTPC had signed a supplementary joint venture agreement with the Nuclear Power Corporation of India for the development of Mahi Banswara and 1,400 MW Chutka Madhya Pradesh Atomic Power projects. The Mahi Banswara Rajasthan power project is estimated to cost about ₹44,800 crore, while the Chutka project is likely to cost about ₹22,400 crore.
Views: The proposed projects will mark NTPC's entry into nuclear power generation and help diversify the company’s efforts in the green energy value chain. On the other hand this will create robust ordering opportunities for capital goods players like L&T, BHEL, Ksb India under our coverage.
Impact: Positive