NTPC has entered into a strategic non-binding memorandum of understanding with Électricité de France (EDF) to explore cooperation opportunities in nuclear power projects across India. The agreement was formalized on April 8th, 2026, following approval from concerned ministries and departments of the Government of India, as disclosed under Regulation 30 of SEBI listing requirements.

Official Agreement Details

The MoU was signed by Mr Arnada Prasad Samal, Chief General Manager (Nuclear Cell), representing NTPC, and Mr Vakisasi Ramany, Senior Vice President, International Nuclear Development, representing EDF. This partnership marks a significant development in the Indian power sector, bringing together domestic expertise with international nuclear technology capabilities.

Cooperation Framework and Scope

The memorandum establishes a comprehensive framework for collaboration between the two energy giants. The partnership will focus on jointly assessing feasibility and approach for cooperation, including understanding EDF's EPR technology and its suitability for Indian requirements. Key areas of cooperation include exploring opportunities to maximize localization for large-scale deployment, examining economic and tariff aspects, and developing human resource capabilities through training programmes.

Additionally, the collaboration will involve evaluating potential project sites and providing technical support as mutually agreed between both parties.

Strategic Significance for NTPC

This initiative aligns with NTPC's strategy to expand into clean, reliable energy and contribute to India's long-term energy security. As India's largest integrated power utility, NTPC currently operates more than 89.00 GW of installed capacity, with another 32.00 GW under construction.

The company has set an ambitious target to reach 149.00 GW of total capacity by 2032, including 60.00 GW from renewable energy sources. This includes a balanced mix of thermal, hydro, solar, and wind power plants, ensuring supply of reliable, affordable, and sustainable electricity to the country.

Diversification into New Business Areas

Along with power generation, NTPC has ventured into various new business areas, including e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear power, and green hydrogen solutions. The partnership with EDF represents a strategic step in NTPC's nuclear power ambitions, combining the company's deep understanding of the Indian market with EDF's advanced nuclear technology and operational expertise.

NTPC Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The state-owned power generation company filed the mandatory certificate on April 7, 2026, ensuring adherence to regulatory requirements for depository operations.

Regulatory Compliance Filing

The certificate was filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, and submitted to multiple regulatory and market infrastructure institutions:

Registrar Confirmation

Beetal Financial & Computer Services (P) Ltd, serving as NTPC's registrar and share transfer agent, provided confirmation regarding dematerialization processes for the quarter ended March 2026. The SEBI-approved Category I registrar confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed.

Process Verification

The registrar confirmed several key compliance aspects:

• Securities received for dematerialization were confirmed to depositories
• Security certificates comprised in dematerialization were listed on stock exchanges where earlier issued securities are listed
• Physical security certificates received for dematerialization were mutilated and cancelled after due verification
• Depositories' names were substituted in the register of members as registered owners within the prescribed 15-day timeframe

Corporate Governance

The filing was signed by Ritu Arora, Company Secretary and Compliance Officer of NTPC Limited, with membership number F5270. The document was digitally signed on April 7, 2026, demonstrating the company's commitment to timely regulatory compliance and corporate governance standards.