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Events / Business / NTPC begins nuclear site studies
Business nuclear project development

NTPC begins nuclear site studies

Analysis based on 6 articles · First reported May 25, 2026 · Last updated May 26, 2026

Sentiment
60
Attention
4
Articles
6
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The initiation of site selection studies by ITC Limited for 30 GW nuclear projects signals a significant expansion in India's nuclear energy sector, which is positive for ITC Limited's long-term growth and diversification. This development contributes to India's ambitious nuclear capacity targets, potentially attracting further investment in the energy and infrastructure sectors.

Utilities Energy Construction
Event Summary

State-owned ITC Limited has initiated site selection studies in four states: India — Gujarat, India — Andhra Pradesh, India — Odisha, and India — Madhya Pradesh, as part of its long-term plan to develop 30 GW of nuclear energy. This move is a key component of ITC Limited's energy diversification strategy and aims to contribute to India's national target of 100 GW nuclear capacity by 2047. The company plans to invest significant capital, estimated in lakhs of crores, across at least 14 states. ITC Limited has also established a wholly-owned subsidiary, NTPC Parmanu Urja Nigam Limited, to focus on advanced nuclear technologies. Additionally, ITC Limited is currently involved in a joint venture with Power Grid Corporation of India to set up a 4X700 MW nuclear project in India — Rajasthan and is preparing to submit its first feasibility study to the India — Department of Atomic Energy for approval.

Key Actions
90 ITC Limited initiated site selection studies
70 ITC Limited established subsidiary NTPC Parmanu Urja Nigam Limited
60 ITC Limited setting up project India — Rajasthan
50 ITC Limited will submit study India — Department of Atomic Energy
Entities Involved
stock
ITC Limited
ITC Limited is the primary entity initiating site selection studies for 30 GW nuclear projects, diversifying its energy portfolio and contributing to India's nuclear capacity goals. This expansion is expected to positively impact its long-term growth and market position.
Importance 100 Sentiment 70
cnt
India
India has an ambitious target of 100 GW nuclear capacity by 2047, and ITC Limited's plans contribute significantly to achieving this national energy goal, enhancing energy security and reducing carbon emissions.
Importance 80 Sentiment 60
loc
India — Gujarat
India — Gujarat is one of the four states where ITC Limited has initiated site selection studies for nuclear projects, potentially benefiting from infrastructure development and energy supply.
Importance 50 Sentiment 20
loc
India — Andhra Pradesh
India — Andhra Pradesh is one of the four states where ITC Limited has initiated site selection studies for nuclear projects, potentially benefiting from infrastructure development and energy supply.
Importance 50 Sentiment 20
loc
India — Odisha
India — Odisha is one of the four states where ITC Limited has initiated site selection studies for nuclear projects, potentially benefiting from infrastructure development and energy supply.
Importance 50 Sentiment 20
loc
India — Madhya Pradesh
India — Madhya Pradesh is one of the four states where ITC Limited has initiated site selection studies for nuclear projects, potentially benefiting from infrastructure development and energy supply.
Importance 50 Sentiment 20
govactor
India — Department of Atomic Energy
The India — Department of Atomic Energy is the government agency responsible for approving nuclear projects, and ITC Limited will submit its feasibility studies to them for approval.
Importance 40 Sentiment 50
stock
Power Grid Corporation of India
Power Grid Corporation of India is in a joint venture with ITC Limited for a 4X700 MW nuclear project in India — Rajasthan, indicating a collaborative effort in nuclear energy development.
Importance 30 Sentiment 50
priv
NTPC Parmanu Urja Nigam Limited
NTPC Parmanu Urja Nigam Limited is a wholly-owned subsidiary established by ITC Limited in FY25, focusing on advanced nuclear technologies, which supports ITC Limited's diversification strategy.
Importance 30 Sentiment 60
loc
India — Rajasthan
India — Rajasthan is the location of an existing 4X700 MW nuclear project being set up by ITC Limited in a joint venture with Power Grid Corporation of India.
Importance 20 Sentiment 10
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