NTPC plans overseas uranium mine acquisition for nuclear expansion
after close1 source ↓written by the desknot a recommendation
- for its planned
- 30 GW nuclear capacity expansion
State-run power major NTPC has issued a tender to acquire uranium mining assets abroad as part of its strategy to secure long-term fuel supplies for its planned 30 GW nuclear capacity expansion. The company has formed a wholly owned subsidiary, NTPC Parmanu Urja Nigam Limited, to manage these projects independently. This move addresses the limitations of domestic uranium reserves and aims to ensure a sustainable supply for future nuclear power generation.
Not investment advice. For informational purposes only.