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NTPC Limited ( (IN:NTPC) ) just unveiled an update.
NTPC Limited has clarified to Indian stock exchanges that it has not entered into any partnership agreement with US-based Clean Core Thorium Energy, following media reports suggesting a collaboration to deploy thorium fuel in India’s nuclear reactors. The company said it is considering taking a minority stake in Clean Core Thorium Energy as part of its broader investment strategy, but any such move remains subject to due diligence and statutory and regulatory approvals, and therefore does not yet trigger mandatory disclosure requirements. NTPC added that it is unaware of any undisclosed information that would explain recent share price movements, noted that broader PSU and power sector indices also rose, and stated that the news article has no material impact on the company at this stage.
More about NTPC Limited
NTPC Limited is India’s largest power sector company, primarily engaged in electricity generation and related power infrastructure. The company continuously explores investment opportunities in both domestic and international markets to expand and diversify its energy portfolio, including in emerging clean and advanced nuclear technologies.
Average Trading Volume: 614,503
Technical Sentiment Signal: Buy
Current Market Cap: 3194.6B INR
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