NTPC, Adani Power and Tata Power are scouting land across several states for nuclear plants, months after India passed the SHANTI Act, 2025.

The law opened India’s nuclear sector to private players for the first time, replacing rules that had kept the space almost entirely with the government since the 1960s. NTPC is clearly ahead of the pack here.

It has shortlisted more than 30 sites across Andhra Pradesh, Madhya Pradesh, Gujarat, Odisha, Chhattisgarh, Uttar Pradesh and Rajasthan, with early studies already running at 10 of them.

Its flagship project, the 2.8 GW Mahi Banswara plant in Rajasthan, is being built through a joint venture with the Nuclear Power Corporation of India.

Outside that venture, the company is targeting 30 GW of nuclear capacity by 2047, backed by close to Rs 1.28 lakh crore in planned spending through FY37.

Adani’s approach looks a bit different. The group is assessing two sites in Madhya Pradesh, Bina and Nigrie, both of which came with its recent acquisition of Jaiprakash Associates assets.

It’s also floated a much bigger plan in Odisha, two 2,800 MW plants worth around Rs 1.5 lakh crore, and has already set up Adani Atomic Energy to house the business.

Over at Tata Power, the focus right now is groundwork. Soil and geotechnical studies are underway across Madhya Pradesh, Odisha and Gujarat.

Leadership has pointed to construction starting in early 2028, with the first reactor coming online sometime in 2032 or 2033. Here’s the catch though.

The government passed the SHANTI Act but still hasn’t put out the detailed rules private companies actually need before they can dig.

Fuel supply, safety protocols, operating norms, all of that is still being worked out. Until it lands, these companies are stuck in planning mode.

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