NTPC Clarifies No Feasibility Studies for Nuclear Power Project in Bihar
NTPC Limited clarified that it has not begun feasibility studies for a nuclear power project in Bihar. While exploring locations for nuclear power projects nationwide, including Bihar, these are preliminary and exploratory, not material events requiring disclosure.
The announcement clarifies that no feasibility studies have commenced, meaning the reported potential project is in a very preliminary stage and does not represent a material development for the company at this time.
The company is clarifying a market rumor, stating that no definitive steps have been taken yet. This is a neutral clarification as it neither confirms nor denies future possibilities but addresses the current status.
NTPC Limited has issued a clarification regarding media reports about exploring two nuclear power units of 1,400 MW in Banka district, Bihar. The company stated that it has not yet commenced any feasibility studies for establishing a nuclear power project in Bihar.
NTPC, as part of its normal business and long-term planning, continuously evaluates multiple options and possible locations for growth and diversification. The company is exploring locations with pre-requisite specifications in various states, including Bihar, for potential nuclear power projects. However, these activities are preliminary and exploratory and do not constitute a concluded or material event requiring disclosure under SEBI (LODR) Regulations, 2015.
The company reiterated its commitment to disclosing any event or information as required by applicable regulatory provisions.
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NTPC Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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