NLC India shares jump nearly 4% after MoU with NPCIL for nuclear power projects

Shares of NLC India rose nearly 4% in Tuesday’s trading session after the company announced the signing of a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India Limited (NPCIL) to develop nuclear power projects through a joint venture company.

As of 11:54 AM IST, NLC India shares were trading near the day’s high levels after opening at ₹345.30. The stock touched an intraday high of ₹356.50 and a low of ₹344.15 during the session. The company’s previous close stood at ₹341.85, while trading volumes crossed 48.45 lakh shares.

The company informed exchanges that the partnership will focus on the development of 700 MW Indigenous Pressurised Heavy Water Reactor (PHWR)-based nuclear power projects. The collaboration will also explore investment opportunities in NPCIL’s existing and upcoming nuclear energy projects.

The MoU was signed on May 25, 2026, in the presence of senior officials from both companies, including NLC India CMD Prasanna Kumar Motupalli and NPCIL CMD Bhuwan Chandra Pathak.

The development comes at a time when India is aggressively expanding its clean energy capacity, with the government targeting 100 GW of nuclear power capacity by 2047 as part of its long-term net-zero and energy transition plans.

According to the company’s filing, the partnership gained further significance after the enactment of the SHANTI Bill in December 2025, which aims to modernise India’s nuclear energy framework and accelerate private and public sector participation in the segment.

NLC India said the collaboration marks a strategic diversification into clean and sustainable energy sectors by combining the company’s power sector expertise with NPCIL’s technical capabilities in nuclear energy development.

NLC India share price performance

NLC India shares have remained in focus amid the latest nuclear energy expansion announcement. The stock touched a 52-week high of ₹387.80, while the 52-week low stands at ₹220.71.

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