Key Event Details

  • Memorandum of Understanding signed on 25th May 2026 between NLC India Limited and Nuclear Power Corporation of India Limited
  • Signed by Shri. Venkatachalam, Director/Power of NLCIL and Shri. Rajesh, Director/Technical of NPCIL
  • Signed in the presence of Shri. Prasanna Kumar Motupalli, CMD/NLCIL and Shri. Bhuwan Chandra Pathak, CMD/NPCIL, along with Functional Directors of both companies

Project Specifications

  • Purpose: Formation of a Joint Venture company to establish Nuclear Power Projects in India
  • Project Type: 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR) based Nuclear Power Projects
  • Technology: May include any other power reactor of suitable capacity based on latest technologies and mutually agreed terms
  • Capacity: 700 MW per project

Investment Framework

The collaboration envisages investment opportunities in:

  • NPCIL's existing 700 MW PHWR projects
  • NPCIL's upcoming 700 MW PHWR projects
  • Through the proposed Joint Venture framework

Strategic Context and National Goals

  • Supports India's vision of "Viksit Bharat" and Net Zero Carbon emissions
  • Aligns with India's target of achieving 100 GW Nuclear Power Capacity by 2047
  • Follows enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025
  • Aims to modernize legislative and policy framework governing nuclear sector

Company Background

NLC India Limited:

  • Navratna Central Public Sector Enterprise
  • Under administrative control of Ministry of Coal, Government of India
  • Nearly seven decades of experience in mining and power generation
  • Currently expanding into renewable and green energy initiatives including solar, wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power, and waste-to-energy projects

NPCIL:

  • Government of India enterprise under Department of Atomic Energy (DAE)
  • Premier organization engaged in design, construction and operation of nuclear power plants

Management Commentary

Shri Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India Limited stated:

  • Partnership marks significant milestone in NLCIL's strategic diversification into clean and sustainable energy sectors
  • Nuclear energy will play vital role in ensuring India's long-term energy security
  • Supports nation's commitment towards achieving Net Zero Carbon emissions
  • Collaboration combines NLCIL's extensive power sector experience with NPCIL's nuclear energy expertise
  • Paves way for development of reliable, sustainable and environmentally benign base-load power projects