Latest news with #MahiBanswaraRajasthanAtomicPowerProject
Time of India
28-05-2025
- Business
- Time of India
AERB okays Mahi Banswara site to build 4 N-power plants
1 2 3 New Delhi: India's nuclear regulator has approved a proposal to build four 700MWe units of atomic power reactors at Mahi Banswara in Rajasthan. The Atomic Energy Regulatory Board (AERB) granted the approval to the project site after a three-tier review subject to satisfactory compliance with the stipulations and conditions. The Nuclear Power Corporation of India Limited (NPCIL) applied to the AERB seeking consent for the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) site to build four indigenously developed pressurised heavy water reactor (PHWR) of 700 MWe capacity. "Consent is hereby granted for siting of MBRAPP 1 to 4, subject to satisfactory compliance to the stipulations and conditions specified in Annexure 1," the AERB said. "The Consent will be subjected to re-review for any non-compliance to the stipulations and conditions. The Consent shall not be transferable without the prior approval of the Competent Authority," the nuclear regulator said. The Mahi Banswara project is being implemented by Anushakti Vidyut Nigam, a joint venture between NPCIL and National Thermal Power Corporation (NTPC).
Time of India
28-05-2025
- Business
- Time of India
AERB approves Mahi Banswara site in Rajasthan to build four 700 MWe nuclear power plants
India's nuclear regulator has approved a proposal to build four 700MWe units of atomic power reactors at Mahi Banswara in Rajasthan. The Atomic Energy Regulatory Board (AERB) granted the approval to the project site after a three-tier review subject to satisfactory compliance with the stipulations and conditions. The Nuclear Power Corporation of India Limited (NPCIL) applied to the AERB seeking consent for the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) site to build four indigenously developed Pressurised Heavy Water Reactor (PHWR) of 700 MWe capacity. "Consent is hereby granted for Siting of MBRAPP 1 to 4, subject to satisfactory compliance to the stipulations and conditions specified in Annexure 1," the AERB said. "The Consent will be subjected to re-review for any non-compliance to the stipulations and conditions. The Consent shall not be transferable without the prior approval of the Competent Authority," the nuclear regulator said. The Mahi Banswara project is being implemented by Anushakti Vidyut Nigam , a joint venture between NPCIL and National Thermal Power Corporation (NTPC). At present, NPCIL and Bharatiya Nabhikiya Vidyut Nigam Limited (Bhavini) are allowed to build and operate nuclear power plants. An amendment to the Atomic Energy Act-1962 in 2015 paved the way for joint ventures between NPCIL and other public sector companies to build nuclear power plants. The MBRAPP units are among ten 700 MWe PHWRs that the government plans to build under the fleet mode approach, approval for which was granted in 2017. Besides Mahi Banswara, the fleet mode nuclear plants will come up at Kaiga NPP (two units), Gorakhpur-Haryana (two units) and Chutka-Madhya Pradesh (two units).
Time of India
28-05-2025
- Business
- Time of India
AERB approves Mahi Banswara site in Rajasthan to build four 700 MWe nuclear power plants
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's nuclear regulator has approved a proposal to build four 700MWe units of atomic power reactors at Mahi Banswara in Rajasthan. The Atomic Energy Regulatory Board (AERB) granted the approval to the project site after a three-tier review subject to satisfactory compliance with the stipulations and Nuclear Power Corporation of India Limited (NPCIL) applied to the AERB seeking consent for the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) site to build four indigenously developed Pressurised Heavy Water Reactor (PHWR) of 700 MWe capacity."Consent is hereby granted for Siting of MBRAPP 1 to 4, subject to satisfactory compliance to the stipulations and conditions specified in Annexure 1," the AERB said."The Consent will be subjected to re-review for any non-compliance to the stipulations and conditions. The Consent shall not be transferable without the prior approval of the Competent Authority," the nuclear regulator Mahi Banswara project is being implemented by Anushakti Vidyut Nigam , a joint venture between NPCIL and National Thermal Power Corporation (NTPC).At present, NPCIL and Bharatiya Nabhikiya Vidyut Nigam Limited (Bhavini) are allowed to build and operate nuclear power plants. An amendment to the Atomic Energy Act-1962 in 2015 paved the way for joint ventures between NPCIL and other public sector companies to build nuclear power MBRAPP units are among ten 700 MWe PHWRs that the government plans to build under the fleet mode approach, approval for which was granted in Mahi Banswara, the fleet mode nuclear plants will come up at Kaiga NPP (two units), Gorakhpur-Haryana (two units) and Chutka-Madhya Pradesh (two units).
The Hindu
24-05-2025
- Business
- The Hindu
NTPC Q4 profit rises 22% to ₹7,897 crore
State-owned power giant NTPC on Saturday (May 24, 2025) reported a nearly 22% rise in consolidated net profit to ₹7,897.14 crore in the March quarter of FY25, aided by higher revenue from its generation business. The power major had reported a net profit of ₹6,490.05 crore in the January-March period of 2023-24, the company said in an exchange filing. NTPC's total income increased to ₹51,085.05 crore in the latest March quarter from ₹48,816.55 crore in Q4 FY24. The company earned a revenue of ₹49,352.99 crore alone from the generation business, up from ₹47,088.70 crore revenue garnered from the segment in fourth quarter of FY24. For the entire FY25, the company's net profit rose to ₹23,953.15 crore against ₹21,332.45 crore in FY24. The total income also climbed to ₹1,90,862.45 crore from ₹1,81,165.86 crore in FY24. In FY25, the profit from subsidiaries increased to ₹4,139 crore, higher from ₹3,897 crore in FY24. While the share of profit from joint ventures also rose to ₹2,214 crore in the fiscal ended March 2025 from ₹1,636 crore in the April-March 2023-24. The company's board of directors has recommended a final dividend of 33.50% (₹3.35 per share) for 2024-25, subject to approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the first interim dividend at the rate of ₹2.50 per share and the second interim dividend at ₹2.50 per share of face value of ₹10 each for FY25 paid in November and February, respectively. In a snap shot, NTPC said its capacity increased by 3,972 MW to 79,930 MW in FY25 from 75,958 MW as of March 2024. While standalone capacity increased by 335 MW to 59,413 MW as of March 2025, from 59,078 MW in FY24. The gross power generation was at 372.825 billion units (BUs) during the year, up 3.07$ as against 361.703 BUs in FY24. The average tariff for the year was ₹4.70/kwh (kilowatt hour) in FY25. Total coal supply to power plants from captive mines was at 253.26 MMT in FY25 as against 231.64 MMT in FY24. About capacity, the company said around 80 GW is under operation and another 34 GW is under Construction. There is 7 GW of green energy under operation through subsidiary NTPC Green Energy Ltd (NGEL), 18 GW contracted & awarded and 9 GW under pipeline, the company said. NTPC further said it has set an ambitious goal to develop 30 GW of nuclear power in alignment with India's net-zero carbon emission commitment by 2070 and the national target of 100 GW nuclear capacity by 2047. "Our approach is two-pronged: in FY 2024-25, the government of India approved ASHVINI to build, own, and operate nuclear power plants. We are in the process of executing Mahi Banswara Rajasthan Atomic Power Project, comprising four 700 MW reactors." Second, the company has incorporated NTPC Parmanu Urja Nigam Limited in January 2025 as a wholly-owned subsidiary to explore advanced nuclear technologies, including Pressurised Water Reactors, Small Modular Reactors and Fast Breeder Reactors. Around 28 potential sites have been identified across states like U.P., M.P., Chhattisgarh, Gujarat, and others, with memorandum of understandings already signed with the Madhya Pradesh and Chhattisgarh governments, the company said. On pumped storage projects, the company said it is strategically positioned with an impressive 21,240 MW pumped storage portfolio - 10,200 MW under NTPC and 11,040 MW through THDC and NEEPCO. "We will see our first 1,000 MW commissioned through Tehri PSP shortly. We have completed Preliminary Feasibility Reports for 18 projects and Detailed Project Reports for 4 projects are in an advanced stage," NTPC said. PSP assets offer over 40 years of operational life and attractive regulated returns. As critical infrastructure for India's renewable transition, they add long-term stability to our energy portfolio, ensuring sustainable growth while advancing energy security and climate goals. NTPC, under the Ministry of Power, is India's largest power generation company.
