NTPC to Enter Nuclear Power Sector with 2,800 MW Project
NTPC Limited, one of India’s leading power generation companies, will be entering the nuclear power sector with its 2,800 MW Mahi Banswara nuclear power project near Banswara, Rajasthan.
Foundation Stone to Be Laid in September
During the company’s Q1 FY26 earnings call, Mr. Gurdeep Singh, Chairman and Managing Director of NTPC, shared that the foundation stone for the project will be laid in the second half of September 2025.
Project Details and Development Timeline
Mahi Banswara nuclear power plant will comprise four pressurised heavy water reactors, each with a generation capacity of 700 MW.
The project is being developed by Anushakti Vidhyut Nigam (ASHVINI), a Joint Venture (JV) between NTPC and Nuclear Power Corporation of India Ltd. (NPCIL). NTPC owns 49% of ASHVINI while NPCIL owns the remaining 51%. The agreement for this JV was signed in 2023.
This nuclear power project will be developed at an estimated project cost of Rs. 50,000 crore. As per the company, the power plant has already secured all necessary government approvals.
NTPC expects the first reactor to be commissioned in 2031, while the entire plant is targeted for completion in 2036. Mr. Singh also mentioned that the company plans to initiate construction of additional nuclear projects during this period.
NTPC’s Long-Term Nuclear Vision
Highlighting NTPC’s long-term strategy, Mr. Singh said the company has set a target of achieving 30 GW of nuclear power generation capacity by 2047, significantly contributing to India’s national goal of having 100 GW of installed nuclear power capacity by then. Currently, India’s nuclear power sector comprises 24 reactors with a combined capacity of 8.78 GW.
To achieve its 30 GW target, NTPC has planned a fleet of nuclear power projects. In addition to the nuclear power project in Rajasthan, the company has lined up projects at Chutka in Madhya Pradesh, Gorakhpur in Haryana, and Kaiga in Karnataka. Pre-project activities at these sites are currently underway.
Mentioning the company’s growth strategy, Mr. Jaikumar Srinivasan, Director (Finance) of NTPC, added “With a clear capacity addition roadmap and strategic investment in renewables and nuclear, NTPC is uniquely positioned to deliver resilient earnings and create enduring value”.
About NTPC Limited: NTPC Limited, headquartered in New Delhi, was founded in 1975. The company is owned by Ministry of Power and the Government of India and focuses on generation and supply of power to state power utilities. During FY-25, the company reported a revenue of Rs. 1,90,862 crore and a Profit After Tax (PAT) of Rs. 19,649 crore.
