NLC India Ltd. signs MoU with NPCIL for Nuclear Power Projects JV
NLC India Limited and NPCIL signed an MoU on May 25, 2026, to form a JV for developing nuclear power projects. The collaboration focuses on 700 MW PHWR projects and potential investments in NPCIL's existing projects, supporting India's 100 GW nuclear capacity target by 2047.
The formation of a JV for nuclear power projects represents a significant strategic move for NLC India Limited, diversifying its energy portfolio into a critical and large-scale sector. This collaboration has long-term implications for the company's growth and India's energy landscape.
The announcement details a strategic partnership to develop nuclear power projects, which aligns with national clean energy goals and contributes to India's energy security and Net Zero commitments. This is a positive development for the company and the nation's energy sector.
NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India Limited (NPCIL) to form a Joint Venture (JV) for establishing Nuclear Power Projects in India. This collaboration aims to strengthen India's clean energy transition and support the nation's vision for a developed India and Net Zero Carbon emissions.
The MoU was signed on May 25, 2026, by Shri. Venkatachalam, Director/Power of NLCIL, and Shri. Rajesh, Director/Technical of NPCIL. The event was attended by Shri. Prasanna Kumar Motupalli, CMD/NLCIL, and Shri. Bhuwan Chandra Pathak, CMD/NPCIL, along with functional directors from both companies.
The JV will focus on developing 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR) based Nuclear Power Projects, or other suitable reactor technologies. The collaboration also includes investment opportunities in NPCIL's existing and upcoming 700 MW PHWR projects through the JV framework.
This initiative aligns with India's ambitious target of achieving 100 GW Nuclear Power Capacity by 2047 and follows the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025. NLCIL, a Navratna enterprise, is expanding its portfolio into renewable and green energy, while NPCIL is a leading organization in designing, constructing, and operating nuclear power plants.
Shri Prasanna Kumar Motupalli, CMD of NLC India Limited, stated that this partnership is a significant milestone in NLCIL's diversification into clean energy sectors, emphasizing the vital role of nuclear energy in India's long-term energy security and Net Zero commitments. He highlighted the combination of NLCIL's power sector experience and NPCIL's nuclear expertise.
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NLC India Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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