NTPC Limited has informed the Exchange regarding a press release dated April 08, 2026, titled "NTPC Signs Non-Binding MoU with Électricité de France (EDF) for Cooperation in Nuclear Power".
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NTPC has signed a non-binding Memorandum of Understanding (MoU) with France's Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in India. The MoU was signed after approval from relevant Indian government ministries. The cooperation framework includes assessing EDF's EPR reactor technology for Indian needs, exploring local manufacturing, evaluating project economics and tariffs, training personnel, and identifying potential sites. EDF is one of the world's largest nuclear power operators. NTPC currently runs over 89 GW of capacity with 32 GW under construction and is targeting 149 GW by 2032, which includes nuclear and renewable energy. This MoU signals NTPC's intent to seriously expand into nuclear power as part of its clean energy strategy.
Positive for long-term growth story — opens door to world-class nuclear technology partnership, but the MoU is non-binding and exploratory, so no immediate financial impact on revenue or earnings. Investors should watch for follow-up binding agreements and project announcements.