NTPC Limited has announced the incorporation of a new wholly owned subsidiary, NTPC Parmanu Urja Nigam Limited (NPUNL), on January 7, 2025. The newly established entity will focus on the nuclear energy sector, marking a strategic move to diversify NTPC’s energy generation capabilities beyond conventional sources.
The formation of NTPC Parmanu Urja Nigam Limited is in line with the company’s long-term vision to harness nuclear energy for the generation of electricity and other commercial purposes. The subsidiary will be responsible for planning and executing integrated programs aimed at the development of nuclear energy. It will also handle the construction, operation, and management of nuclear power stations and related facilities across India.
Objectives and Focus Areas of NPUNL:
NTPC Parmanu Urja Nigam Limited will focus on a variety of activities, including:
- Planning and executing integrated programs to harness nuclear energy for commercial purposes.
- Building, owning, and operating nuclear energy plants.
- Managing nuclear energy resources and promoting research and development in the nuclear sector.
- Identifying suitable sites for nuclear power stations and developing necessary ancillary infrastructure.
The formation of NPUNL was approved by the Ministry of Power (MOP), Government of India, with concurrence from the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog. This approval was conveyed through a formal letter on September 11, 2024.
NTPC Limited, the parent company, has subscribed to 50,000 equity shares of NPUNL at a face value of ₹10 each, marking a total investment of ₹5,00,000. With this investment, NTPC holds 100% ownership in the subsidiary, solidifying its control over the new entity.
Strategic Vision:
This move underscores NTPC’s ongoing commitment to clean and sustainable energy production. The incorporation of NPUNL is a crucial step in the company’s broader strategy to diversify its energy generation mix, contributing to India’s clean energy goals and providing a stable source of power through nuclear energy.
This development further reinforces NTPC’s leadership in the energy sector, as the company continues to drive innovation and sustainability in its operations. As the nuclear energy business gains momentum, NPUNL will play a key role in supporting India’s energy transition and ensuring the country’s energy security for the future.
