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NTPC Share Price : State-owned power giant NTPC has unveiled an ambitious plan to develop 30 gigawatts (GW) of nuclear power capacity over the next two decades—three times more than its initial estimate. To achieve this, NTPC will invest $62 billion in expanding its nuclear infrastructure.
Currently, NTPC primarily operates coal-based power plants. As part of its expansion strategy, the company is actively scouting for suitable land, despite facing local resistance to nuclear projects. However, the announcement of the massive capacity expansion has positively impacted the company's stock performance.
NTPC Shares Surge Over 3%
Following the announcement, NTPC's stock gained more than 3% in Tuesday's trading session. By the end of the day, NTPC shares on the BSE were trading at ₹311.85, reflecting a rise of ₹9.35 (3.09%). At this valuation, NTPC's market capitalization now stands at ₹3.02 lakh crore.
Why Did NTPC Triple Its Nuclear Target?
NTPC had previously set a 10 GW nuclear capacity target but tripled it this month following the Indian government's decision to open up the nuclear sector to foreign and private investments, as reported by CNBC.
India's Renewable Energy Goals
India is committed to increasing its non-fossil fuel power capacity to 500 GW by 2030 and aims to achieve at least 100 GW of nuclear capacity by 2047. Currently, NTPC operates approximately 8 GW of nuclear power and plans to expand it to 20 GW by 2032 as part of the country’s broader clean energy transition.
