NTPC Parmanu Urja Nigam Update: There is good news for the shareholders of NTPC, the country’s largest power generation company. After thermal and green energy, the company is also going to enter the field of nuclear energy and the company has also started it. NTPC has formed a new subsidiary company by the name of NTPC Parmanu Urja Nigam Ltd to enter the field of nuclear energy.
NTPC’s entry in nuclear energy business
NTPC, in a regulatory filing with the stock exchanges, while sharing the information under the SEBI regulations in view of the liability obligations and disclosure requirements, said that on January 7, 2025, NTPC Nuclear Energy Corporation Limited (NPUNL) will be incorporated to enter the nuclear energy business. A new subsidiary company of NTPC has been established. The ownership rights of this new company will be completely with NTPC Limited.
The new company has the responsibility of expanding the nuclear energy business.
NTPC said that the objective of NTPC Atomic Energy Corporation Limited is to create and implement an integrated program for the use and development of nuclear energy for electricity generation and other needs on a commercial basis and also as an agent for the production, management of nuclear energy. , from operating, promoting research and development, to selecting appropriate locations for nuclear power stations and all types of auxiliary facilities. Is.
DIPAM and NITI Aayog gave green signal
The company said in its regulatory filing that the Ministry of Energy of the Government of India had sent a proposal to DIPAM and NITI Aayog on September 11, 2024, and both had asked NTPC to form a subsidiary company to enter the nuclear energy business. Got approval.
NTPC shares will get wings!
After the formation of NTPC Atomic Energy Corporation Limited to enter the nuclear energy business, the stock of NTPC Limited is trading at Rs 327.25 with a decline of 0.49 percent in the trading session of January 8, 2024.
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