NLC India Limited Signs MoU with NPCIL for Development of Nuclear Power Projects via Joint Venture

NLC India Limited Signs MoU with NPCIL for Development of Nuclear Power Projects via Joint Venture​

NLC India Limited (NLCIL), a government of India enterprise, has signed a Memorandum of Understanding (MoU) with the Nuclear Power Corporation of India Limited (NPCIL). The collaboration aims to establish Joint Ventures (JV) for developing and advancing Nuclear Power Projects across the country, marking a strategic step towards strengthening India's clean energy transition and supporting the national vision of achieving Net Zero Carbon emissions.

The MoU was formally signed on May 25, 2026. The agreement facilitates the development of Indigenous Pressurised Heavy Water Reactor (PHWR) based Nuclear Power Projects, initially targeting 700 MW. The scope also includes considering any other power reactor of suitable capacity based on the latest technologies and mutually agreed terms. Furthermore, the proposed JV framework envisages significant investment opportunities in NPCIL's existing and upcoming 700 MW PHWR projects.

India has set an ambitious national goal of reaching 100 GW of Nuclear Power Capacity by 2047 to support its developmental aspirations and climate commitments. The timing of this initiative is significant, occurring shortly after the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025, which is aimed at modernizing the legislative and policy framework governing the nuclear sector.

Strategic Partnership Overview

The collaboration unites the strengths of both entities. NLCIL, a Navratna Central Public Sector Enterprise under the administrative control of the Ministry of Coal, possesses nearly seven decades of experience in mining and power generation. While maintaining its conventional power portfolio, NLCIL has been actively expanding into large-scale renewable and green energy initiatives, including solar, wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, and waste-to-energy projects.

NPCIL, a Government of India enterprise under the Department of Atomic Energy (DAE), stands as the nation's premier organization for the design, construction, and operation of nuclear power plants, generating safe, reliable, and environmentally sustainable electricity.

Shri. Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, noted that this partnership is a major milestone in NLCIL's strategic diversification into clean and sustainable energy sectors. He emphasized that the collaboration combines NLCIL’s extensive experience in the power sector with NPCIL’s proven expertise in nuclear energy, paving the way for reliable, sustainable, and environmentally benign base-load power projects.

The strategic alliance reflects a shared commitment between NLCIL and NPCIL toward strengthening India's clean energy ecosystem, supporting technological advancement, and ensuring long-term energy security for the nation.

The MoU was signed by Shri. Venkatachalam, Director/Power of NLCIL, and Shri. Rajesh, Director/Technical of NPCIL, in the presence of key functional directors from both corporations.

NLCINDIA Stock Price Movement​

On Monday, NLC India Limited shares shed 0.70%, settling at ₹341.85 in session trading. The equity finished the day with a total traded volume of 2.81 million shares.