Maharashtra signs MoUs for 25,400 MW nuclear capacity with Rs 6.5 lakh crore investment
The Maharashtra government has signed memorandums of understanding (MoUs) with four companies to develop 25,400 MW of nuclear power generation capacity involving a proposed investment of Rs 6.5 lakh crore.
Chief Minister Devendra Fadnavis said the companies would undertake surveys of the identified project sites, while state government departments would provide necessary support and coordination. The MoUs were signed with NTPC Limited, Adani Power, Reliance Industries Limited, and Lalitpur Power Generation Company Limited, a Bajaj Group entity.
NTPC Limited plans to invest Rs 1 lakh crore for the development of 7,200 MW of nuclear generation capacity. NTPC already operates a joint venture with the Nuclear Power Corporation of India Limited (NPCIL) and is implementing the 4×700 MW Mahi Banswara Rajasthan Atomic Power Project in Banswara district of Rajasthan. The joint venture also has a proposed project in Madhya Pradesh and a planned 2.8 GW nuclear plant in Banka, Bihar.
Adani Power, along with its subsidiary Coastal-Maha Atomic Energy Ltd, has proposed a 6,000 MW nuclear project at Barsu in Ratnagiri district with an estimated investment of Rs 1.5 lakh crore. The project is expected to generate around 12,000 direct and indirect jobs. The company recently incorporated Adani Atomic Energy Limited (AAEL), which has established subsidiaries including Coastal-Maha Atomic Energy Limited and Rawatbhata-Raj Atomic Energy Limited to pursue nuclear energy projects.
Reliance Industries Limited has proposed deployment of Bharat Small Reactors, Small Modular Reactors (SMRs), and conventional nuclear reactors at Purnagad in Ratnagiri district with a planned investment of up to Rs 2 lakh crore.
In November 2025, the Maharashtra State Power Generation Company Limited (MAHAGENCO) had signed an MoU with the Nuclear Power Corporation of India Limited (NPCIL) to facilitate co-development of nuclear projects in the state. With that agreement, Maharashtra became the first state in India to directly participate in nuclear-based power generation through a state government entity.
Maharashtra also features prominently in India’s long-term nuclear expansion plans through the proposed Jaitapur Nuclear Power Project in Ratnagiri district. The project has received in-principle approval for six reactors, each 1,650 MW, bringing the planned capacity to 9,900 MW. Once completed, it is expected to rank among the world’s largest nuclear power stations by installed capacity.
With the MAHAGENCO-NPCIL partnership, the proposed Jaitapur project, and new agreements with private-sector companies, Maharashtra positioned itself as a major hub for nuclear power development in India.
