NTPC evaluates stake in Clean Core Thorium Energy

NTPC Limited has confirmed that it is assessing a potential minority stake investment in United States-based Clean Core Thorium Energy (CCTE) as part of its strategy to expand its nuclear power portfolio. The clarification was issued in a rumour verification letter dated 02 January 2026 to BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The exchanges had sought clarification following speculation in the market. NTPC stated that while it regularly examines investment opportunities, any proposal involving CCTE will depend on detailed due diligence and required statutory approvals. The company clarified that it has not executed any formal agreement with CCTE and is not aware of any undisclosed information linked to recent share price movements.

The evaluation supports NTPC’s broader plan to diversify its generation mix and build a strong nuclear power base in India. NTPC is targeting about 30 GW of nuclear projects as part of its contribution to India’s target of 100 GW of nuclear capacity by 2047, and aims to commission about 2 GW by 2032.

To progress this plan, NTPC is pursuing international partnerships. The company has signed Non-Disclosure Agreements (NDAs) with Rosatom of Russia and EDF of France to explore large pressurised water reactor projects in India. It is also in discussions with Holtec International regarding Small Modular Reactors (SMRs).

The assessment of a minority stake in CCTE represents an early stage strategic review of advanced nuclear fuel technologies. NTPC cited the SEBI master circular, noting that in principle or exploratory approvals do not need immediate disclosure under Regulation 30 of the LODR Regulations. The company also stated that recent stock movements were broadly aligned with positive trends in Public Sector Undertaking (PSU) and power sector indices. The clarification letter was signed by Ritu Arora, Company Secretary and Compliance Officer of NTPC.