The Exchange has sought clarification from NTPC Limited with respect to recent news item captioned NTPC partners US firm to deploy thorium fuel in India s nuclear reactors : Report. The response from the Company is attached.
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Awaiting price reaction for this filing.
NTPC has responded to an NSE clarification request regarding a news report about partnering with US-based Clean Core Thorium Energy (CCTE) to deploy thorium fuel in India's nuclear reactors. The company clarified that it is exploring a minority stake in CCTE but has not entered into any formal agreement. Any future investment will be subject to due diligence and regulatory approvals. NTPC stated it is not aware of any undisclosed information that could explain recent movement in its share price. The company cited the SEBI master circular dated November 11, 2024, which exempts in-principle or exploratory approvals from mandatory disclosure under Regulation 30 of LODR Regulations. NTPC also noted that the broader PSU Index and Power Sector Index saw upward movement during the period.
NTPC has neither confirmed nor denied a partnership — it remains at an exploratory stage with no binding agreement. This is a routine rumour verification filing and is unlikely to materially impact the stock, though investors tracking NTPC's nuclear ambitions may see this as a positive directional signal.