New Delhi, Aug. 19 -- India's nuclear power story is entering its next phase, with companies already scouting sites for projects. Investors, however, may have to wait years for those plans to translate into earnings.

NTPC Ltd has identified more than 30 locations across multiple states and begun preliminary studies at 10 of them, according to reports. Adani Power is evaluating sites in Madhya Pradesh, while Tata Power has shortlisted locations in Madhya Pradesh, Odisha and Gujarat.

The moves come even as the rules governing private participation are still being finalized. That creates a dilemma for investors: does the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025, offer an actionable ...