NTPC Overseas Uranium Asset Acquisition

planned

NTPC Ltd., India's largest power producer, is seeking to invest in overseas uranium mines to secure supplies needed to fuel 30 gigawatts of nuclear power capacity it plans to build over the next two decades. The company issued a tender to appoint consultants to identify potential uranium mining assets in countries including Canada, Australia, Kazakhstan, and South Africa. This initiative supports India's ambition to grow atomic power capacity more than elevenfold by 2047 as part of a broader push to decarbonise the economy.