On April 20, NTPC shares rose about 2% on reports that the power generator plans to commission 3.5 GW of capacity from its two nuclear plants under a building by 2030.

As per the media report, the work is in progress in the two plants of Mahi Banswara and Chutka. By 2030, the company aims to commission these plants. Nuclear capacity, currently under NTPC, maybe later retained under its subsidiary NTPC Green Energy.

The report added that the power generator company is also operational with the Bhabha Atomic Research Centre and the Department of Atomic Energy to improve smaller reactors to be set up quickly. The company is also in discussions with American, French and Russian companies for partnership in evolving small modular reactors.

Power generated, i.e., small modular reactors, would be a part of the company’s directed 60 GW fixed green energy capacity by 2032. Presently, NTPC has an aggregate installed power generation capacity of 71.644 GW, of which 3.01 GW is renewable energy.

At 11:16 am, shares traded 1.4% higher from the earlier close, at Rs 169.4 on the BSE. The stock was the second-biggest gainer on the Nifty50 index.

Analysts anticipate growth in NTPC would be determined by expanding power generation and commercialising original capacities. While specifying its March quarter earnings, the market will closely display the company’s management clarification on commercial capacity addition and the timeline for stake monetisation in the renewable asset subsidiary.