NLC India signs MoU with NPCIL for nuclear power projects development

Kinjal — Mon, 25 May 2026 14:45:54 +0000

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).

NLC India signs MoU with NPCIL for nuclear power projects

Yash Agarwal — Mon, 25 May 2026 14:45:00 +0000

NLC India Limited has signed a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India Limited (NPCIL) to form a Joint Venture (JV) for developing nuclear power projects in India. This collaboration marks a significant step in India’s clean energy transition and supports the nation’s vision of ‘Viksit Bharat’ and Net Zero Carbon.

The MoU was signed on 25th May 2026 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, along with functional directors of both companies. The JV aims to develop 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR) based nuclear power projects or other suitable power reactors based on the latest technologies and mutually agreed terms.

India has set an ambitious target of achieving 100 GW nuclear power capacity by 2047 to support its developmental aspirations and climate commitments. This initiative gains importance following the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025, which aims to modernise 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 long-standing presence in mining and power generation, with a focus on expanding into renewable and green energy initiatives. NPCIL, under the Department of Atomic Energy, is the premier organisation in India for the design, construction, and operation of nuclear power plants.

The strategic collaboration between NLCIL and NPCIL underscores the importance of nuclear energy in India’s future energy mix and aims to establish advanced nuclear power projects contributing to reliable base-load power generation and long-term energy security.

Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, highlighted the partnership as a significant milestone in NLCIL’s diversification into clean and sustainable energy sectors. He emphasised the vital role of nuclear energy in ensuring India’s long-term energy security and commitment to achieving Net Zero Carbon emissions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Prasanna Kumar Motupalli | Business Upturn

NLC India signs MoU with NPCIL for nuclear power projects development

NLC India signs MoU with NPCIL for nuclear power projects