NTPC Seeks Global Uranium Assets for Upcoming Nuclear Projects

India’s largest power producer, NTPC Limited, is deepening its focus on clean energy by actively exploring nuclear power opportunities. The company is weighing overseas uranium acquisitions to ensure steady fuel supplies for future nuclear plants, marking an important step in its transition away from conventional coal-based operations.

Strategic Shift Toward Nuclear Power

Founded in 1975 as a thermal power producer, NTPC has steadily diversified its portfolio. Today, it has a total installed capacity of 83,026 MW across coal, gas, hydro, and solar sources. With an eye on non-fossil fuel expansion, the company is preparing to commission nuclear projects independently as well as through partnerships.

As per the PTI, to support this, NTPC’s board has cleared a draft memorandum of understanding (MoU) with Uranium Corporation of India Ltd (UCIL). The agreement will facilitate joint techno-commercial due diligence of uranium assets overseas, enabling NTPC to secure critical resources for its nuclear energy ambitions.

Projects and Collaborations

NTPC’s entry into nuclear energy will be spearheaded through Anushakti Vidhyut Nigam Ltd (ASHVINI), its joint venture with Nuclear Power Corporation of India Ltd (NPCIL). ASHVINI is currently developing the 2,800 MW Mahi Banswara Nuclear Power Project in Rajasthan, where NPCIL holds 51% and NTPC 49%.

In January 2025, NTPC also set up a dedicated subsidiary :NTPC Parmanu Urja Nigam Ltd (NPUNL) to pursue nuclear projects independently. The company is additionally engaging with nuclear technology firms and state governments for new ventures. Discussions are ongoing with US-based Clean Core Thorium Energy (CCTE) to explore the deployment of ANEEL (Advanced Nuclear Energy for Enriched Life) fuel.

Why Nuclear Matters for India’s Energy Future

Currently, nuclear power contributes just 2% (8,180 MW) of India’s total installed capacity of 4,75,212 MW. The government has set an ambitious target of 100 GW of nuclear capacity by 2047. NTPC views nuclear power as a dependable, low-carbon option that can deliver round-the-clock base load electricity, something intermittent renewables like wind and solar struggle to provide due to land and storage requirements.

Read More: NTPC Green Energy Share Price in Focus; PAT Rises 59% YoY to ₹220 Crore in Q1 FY26 Results!

NTPC Share Price Performance 

As of September 22, 2025, 11:29 AM, NTPC share price is trading at ₹337.25 per share, reflecting a decline of 0.41% from the previous closing price.

Conclusion

By moving to acquire uranium resources overseas and ramping up nuclear partnerships, NTPC is positioning itself as a major player in India’s atomic energy sector. With government backing and a clear roadmap, the company’s nuclear push could play a critical role in meeting India’s clean energy targets while ensuring a reliable power supply.

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