NTPC has entered into a JV agreement with NPCIL for the formation of a Public
Limited Company to set up nuclear power project with two nuclear reactors.
While NPCIL is to hold 51 per cent equity in the JV, the balance 49 per cent
is to be held by NTPC. The proposed JV is likely to be a subsidiary of NPCIL.
The agreement may be extended to setting-up additional nuclear power projects,
subject to techno-economic viability.