The Union government will have to amend the Atomic Energy Act, 1962, to divest its stakes in the Nuclear Power Corporation (NPC) which is engaged in increasing its capacity addition to 63,000 Mw by 2032 from the present 4,780 Mw. The state-owned entity’s authorised capital is Rs 15,000 crore, while the share capital is worth Rs 10,000 crore.

According to the Atomic Energy Act, 1962, a government company is one where the central government holds not less than 51 per cent of the paid-up share capital.