Description

NTPC clarifies that no agreement has been entered into with Clean Core Thorium Energy, though the company is exploring minority stake opportunities subject to due diligence and approvals.

Summary

NTPC Limited issued a clarification in response to BSE’s rumor verification query dated January 2, 2026, regarding alleged negotiations with Clean Core Thorium Energy (CCTE). The company confirmed it has not entered into any partnership agreement with CCTE but is exploring minority stake opportunities as part of its continuous search for investment opportunities in domestic and international markets. Any investment decision will be subject to due diligence and statutory/regulatory approvals.

Key Points

  • NTPC has NOT entered into any agreement or partnership with Clean Core Thorium Energy
  • The company is exploring minority stake investment opportunities in Clean Core Thorium Energy
  • Any investment decision will require due diligence and statutory/regulatory approvals
  • No undisclosed information exists that could explain recent trading price movements
  • Upward movement in stock price attributed to overall PSU Index and Power Sector Index gains
  • No material impact from the news article on the company
  • Company referenced SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Regulatory Context

NTPC clarified that per SEBI master circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in-principle approval or approval to explore investment opportunities (which is not final approval) given by the Board of Directors does not require disclosure under Regulation 30 of the LODR Regulations, 2015.

The company maintains its commitment to promptly intimate stock exchanges of any event or information that may have material impact on the price of its securities.

Compliance Requirements

  • Disclosure under Regulation 30 will be made as per statutory provisions when applicable
  • Final investment decisions (not exploratory approvals) will require proper disclosure
  • Company continues compliance with SEBI LODR Regulations, 2015

Important Dates

  • January 2, 2026: Date of clarification letter to BSE/NSE
  • January 2, 2026: Date of BSE rumor verification query
  • November 11, 2024: Date of referenced SEBI master circular on disclosure requirements

Impact Assessment

Market Impact: Medium - While the clarification addresses rumors that may have contributed to stock price movement, NTPC confirmed no binding agreement exists. The stock price movement was attributed to broader PSU and Power Sector index gains rather than company-specific developments.

Operational Impact: Low - No immediate operational changes as the company is only in exploratory phase for potential investment in Clean Core Thorium Energy.

Investor Impact: Medium - Provides clarity to investors regarding rumored partnership while maintaining transparency about exploration of investment opportunities in clean energy sector, aligning with NTPC’s role as India’s largest power sector company.

Impact Justification

Clarification addresses market rumors and price movement but confirms no material agreement has been finalized. Company is only exploring opportunities which does not require immediate disclosure under SEBI regulations.