Highlights

• NLC India signed an MoU with NPCIL for nuclear power project development.
• Proposed joint venture will focus on 700 MW PHWR-based nuclear power projects.
• NLC India shares traded higher as investors tracked clean energy expansion plans.

NLC India Limited (NSE:NLCINDIA) announced that it signed a Memorandum of Understanding with Nuclear Power Corporation of India Limited for the development of nuclear power projects through a proposed joint venture company.

The agreement was signed on May 25, 2026, and focuses on establishing 700 MW Indigenous Pressurised Heavy Water Reactor-based nuclear power projects in India. The collaboration may also explore other reactor technologies and capacities based on mutually agreed terms.

According to the company, the partnership also includes potential investment opportunities in NPCIL’s existing and upcoming 700 MW PHWR projects through the proposed joint venture framework.

Source: Analysis by Kalkine 

Nuclear Energy Expansion Gains Attention

India has outlined a target of achieving 100 GW nuclear power capacity by 2047 as part of its long-term energy transition and climate objectives. The latest collaboration comes after the enactment of the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill in December 2025.

The legislation is aimed at modernising India’s nuclear energy framework and supporting future sector expansion.

NLC India stated that the partnership aligns with its diversification strategy across conventional and clean energy segments, including solar, wind, pumped hydro storage, Battery Energy Storage Systems, green hydrogen, and waste-to-energy projects.

NLC India Share Price Moves Higher

Shares of NLCINDIA traded higher during the May 26, 2026 session following the announcement. The stock was trading at INR 343.70, up 0.54 percent from the previous close of INR 341.85.

The stock opened at INR 345.30 and touched an intraday high of INR 356.50 during the session. The day’s low stood at INR 343.35, while the volume weighted average price was recorded at INR 349.80.

Investors monitored the development as nuclear energy projects remain strategically important for India’s long-term energy security and low-carbon power generation goals.

Source: Trading View

Strategic Focus On Base-Load Power

The proposed collaboration aims to support reliable base-load electricity generation through nuclear energy infrastructure. Nuclear power projects are considered important for maintaining uninterrupted electricity supply alongside renewable energy sources.

NLC India and NPCIL stated that the partnership combines expertise in power generation and nuclear energy operations to support India’s clean energy transition objectives.

Key Risks

• Nuclear power projects generally involve long approval and execution timelines.
• Regulatory and policy changes may affect project implementation schedules.
• High capital expenditure requirements could impact future financial flexibility.
• Delays in joint venture formation may slow project development activities.

Summary

NLC India Limited (NSE:NLCINDIA)  signed an MoU with Nuclear Power Corporation of India Limited for development of nuclear power projects through a proposed joint venture. The collaboration focuses on 700 MW PHWR-based reactors and potential investments in existing and future nuclear projects. NLC India shares traded higher following the announcement as investors tracked developments related to India’s long-term clean energy and nuclear capacity expansion plans.

FAQs

Q: What agreement did NLC India sign with NPCIL?
A: NLC India signed an MoU for developing nuclear power projects through a joint venture company.

Q: What type of nuclear projects are planned under the partnership?
A: The collaboration focuses on 700 MW PHWR-based nuclear power projects and other reactor technologies.

Q: How did NLC India shares react after the announcement?
A: NLC India shares traded 0.54 percent higher during the May 26, 2026 session.