ICRA

Shares of De Nora India zoomed 20 per cent intraday after the electrodes and refactories maker said it bagged an order worth Rs 38.71 crore from Nuclear Power Corporation of India for refurbishment of 4 seawater electrochlorination systems. De Nora India stock gained 20% to Rs 2,007 against the previous close of Rs 1673 on BSE. Market cap of the firm rose to Rs 1009.33 crore on BSE.De Nora India stock has risen 10.26% in a year. The stock has zoomed 144% in two years. Shares of the company saw a turnover of Rs 5.81 crore as 0.30 lakh shares changed hands on BSE today.
In terms of technicals, the relative strength index (RSI) of De Nora India stock stands at 54.4, signaling it's trading neither in the overbought nor in the oversold zo

De Nora India shares rise 20% on order win from Nuclear Power Corp

Airox Nigen has completed the installation of a 25 Nm³/hr (125 kW) fully skid-mounted hydrogen generation system at the Tarapur Nuclear Power Plant in Maharashtra. This marks a significant milestone in India’s green hydrogen revolution. Designed for high-purity hydrogen production, the project reflects Airox Nigen’s commitment to advancing sustainable energy solutions, enhancing grid stability, and reducing carbon footprints.The project involved various phases, including design, engineering, supply, installation, testing, commissioning, and ongoing maintenance. Airox Nigen collaborated with NPCIL (Nuclear Power Corporation of India Limited) to develop a state-of-the-art hydrogen generation system. The primary objective was to generate hydrogen as a clean energy source and integrate it into NPCIL’s grid to enhance its stability and sustainability. The system was specifically tailored to support NPCIL’s goals of reducing carbon emissions and strengthening renewable energy usage.

Airox Nigen Installs 125 kW Hydrogen System For NPCIL To Advance Green Energy In Maharashtra

Marking its entry into the nuclear power domain, state-owned power generator NTPC Ltd will next month lay the foundation stone for its 2,800 megawatt (MW) nuclear power project at Banswara in Rajasthan.
The project will house four pressurised heavy water reactors (PHWRs) of 700 MW capacity each. “We have decided, rightfully, we will go very aggressive on nuclear. We plan to add 30 gigawatt (GW) nuclear power capacity by 2047,” NTPC Chairman and Managing Director Gurdeep Singh said at the Bloomberg NEF Summit here. NTPC plans to set up nuclear power projects both as part of an existing JV with Nuclear Power Corporation of India Limited (NPCIL), called Anushakti Vidhyut Nigam Ltd (ASVINI), and on a standalone basis. The Mahi Banswara project is being set up under the JV, where NTPC has a 49 per cent stake.

NTPC to mark nuclear power entry with 2,800 Mw project next month

NPCIL faces counterparty risk from weak discoms, but strong tariffs and a diversified base aid collection. Under the LPS EMI plan, 34 of 48 installments were received by June 30, 2025.



NPCIL has 6,100 MW under construction and 7 GW in early stages, needing ~₹20,000 crore annual capex. Despite risks of delays, cost overruns, and high tariffs, cost-plus PPAs and base-load supply mitigate tariff risk.


The issuer has made timely interest payments.

Shri. Bhuwan Chandra Pathak ,Chairman and MD

NPCIL, fully owned by GoI and overseen by DAE, is key to India’s nuclear programme, with strong government support and experienced management.



NPCIL’s entire capacity is tied up under 15-year renewable PPAs. Tariffs, set by DAE, are cost-reflective and ensure full recovery if PLF exceeds 67.5%–72%.

As of June 30, 2025, 73% of NPCIL’s capacity runs on imported fuel under IAEA safeguards, while 27% uses domestic fuel. GoI ensures fuel supply through long-term contracts with overseas vendors. Maintaining stockpiles at nuclear fuel complexes is critical for operations.



As of June 2025, 74% of NPCIL’s capacity is PHWR (indigenously developed), 23% LWR, and the rest BWR. Of the 6.1 GW under construction, 66% is LWR. LWR offers higher efficiency and complements PHWR in fuel management.


 The company operates and manages 24 nuclear power plants spread across major states of India, including Rajasthan, Gujarat, Maharashtra, Andhra Pradesh, Tamil Nadu, Karnataka, and Uttar Pradesh. NPCIL continues to supply power to more than 20 discoms in India.


Rating agency	Rating	Needle position
IND	AAA Stable	near High Safety
ICRA	AAA Stable	near High Safety

Security Name: 7.55% Nuclear Power Corporation of India Limited 23 Dec 2032

ISIN: INE206D08493

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