NTPC board approves nuclear foray

New Delhi: National Thermal Power Corporation Ltd's board of Directors has approved a proposal to enable the company enter the nuclear power generation business.

The board has given its clearance to the amendment of the object clause of the Memorandum of Association to enable the power major to foray into nuclear generation, NTPC informed the Bombay Stock Exchange.

The company's shareholders would consider the proposal at a later date, it said in the statement to the exchange.

NTPC envisages generating 2,000 MW from nuclear power by the end of 2017.

The State-owned company had earlier appointed a two-member team of consultants to prepare a strategy for its proposed foray into the nuclear generation business