Budget: NPCIL gets Rs 9,410 cr as India seeks to ramp up nuclear capacity

The Department of Atomic Energy has been allocated Rs 25,078.49 crore which is lower than Rs 25,965.67 crore it had received in the revised estimates in the 2022-23 fiscal

money, budget, rupee
India's current installed nuclear power capacity is 6,780 MW and it plans to add 21 more atomic power generating units with a total installed capacity of 15,700 MW by 2031
Press Trust of India New Delhi
2 min read Last Updated : Feb 01 2023 | 10:28 PM IST

NPCIL, India's sole nuclear power plant operator, on Wednesday received an allocation of Rs 9,410 crore in the Union Budget for 2023-24 as it sets out to ramp up atomic power generation capacity in the country.

The allocation to the Nuclear Power Corporation of India Limited (NPCIL) was an increase of Rs 2,859 crore (more than 43 per cent) over the revised estimate of Rs 6,551 crore of the current fiscal.

In addition to the budgetary allocation, the NPCIL will raise an additional Rs 12,863 crore through Internal and Extra Budgetary Resources, which constitutes the resources raised by the PSUs through profits, loans and equity.

The Department of Atomic Energy has been allocated Rs 25,078.49 crore which is lower than Rs 25,965.67 crore it had received in the revised estimates in the 2022-23 fiscal.

The other public sector companies under the Department of Atomic Energy - Indian Rare Earths Ltd will get Rs 120.30 crore, Uranium Corporation of India Ltd Rs 59.82 crore, and Electronics Corporation of India Ltd Rs 15 crore - during fiscal year 2024.

The Fuel Recycle Projects under the Nuclear Regulatory Board have been allocated Rs 805.21 crore against Rs 703.5 crore it had received under revised estimates in 2022-23. It concerns construction of Integrated Nuclear Recycle Project to improve supply of fuel to second stage of the nuclear power programme.

India's current installed nuclear power capacity is 6,780 MW and it plans to add 21 more atomic power generating units with a total installed capacity of 15,700 MW by 2031.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Budget at a GlanceBudget SpeechBudget cycleBudget presentationBudget 2023NPCILNuclear Power Corporation

First Published: Feb 01 2023 | 10:28 PM IST

Next Story