NLC India Limited has entered into a significant partnership with Nuclear Power Corporation of India Limited (NPCIL) to establish nuclear power projects in India. The collaboration, formalised through a Memorandum of Understanding (MoU) signed on 25th May 2026, aims to support India’s clean energy transition and the national vision of ‘Viksit Bharat’ and Net Zero Carbon.
The agreement was signed by Shri. Venkatachalam, Director/Power of NLCIL, and Shri. Rajesh, Director/Technical of NPCIL, in the presence of Shri. Prasanna Kumar Motupalli, CMD of NLCIL, and Shri. Bhuwan Chandra Pathak, CMD of NPCIL, alongside other functional directors from both companies. The joint venture will focus on developing 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR) based nuclear power projects, or other suitable power reactors using the latest technologies under mutually agreed terms.
This initiative aligns with India’s ambitious target of achieving 100 GW nuclear power capacity by 2047, a goal set to support the nation’s developmental aspirations and climate commitments. The partnership gains further importance following the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025, which modernises the legislative and policy framework governing the nuclear sector.
NLC India Limited, a Navratna Central Public Sector Enterprise under the Ministry of Coal, has a nearly seven-decade-long history in mining and power generation. The company is actively expanding into renewable and green energy initiatives, including solar, wind, and green hydrogen projects. NPCIL, under the Department of Atomic Energy, is India’s leading organisation in the design, construction, and operation of nuclear power plants.
The collaboration between NLCIL and NPCIL is seen as a strategic move to explore opportunities for establishing advanced nuclear power projects, contributing to reliable base-load power generation and long-term energy security for India. Shri Prasanna Kumar Motupalli, CMD of NLCIL, highlighted the partnership as a milestone in NLCIL’s diversification into clean and sustainable energy sectors. He emphasised the role of nuclear energy in ensuring India’s long-term energy security and supporting the nation’s commitment to achieving Net Zero Carbon emissions.
The alliance reflects the shared commitment of both organisations towards sustainable development, technological advancement, and nation-building through reliable and green energy solutions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).