Indian manufacturers like Larsen & Toubro and Walchandnagar Industries target orders from revived nuclear power push
Indian manufacturers supplying parts to nuclear reactors say they are preparing for a jump in orders and revenues as New Delhi pushes ahead with a plan to build new plants across the country over the next few years.
Larsen & Toubro, Walchandnagar IndustriesBSE -0.11 % , state-run Bharat Heavy Electricals and Godrej Group are among those who make parts for nuclear plants. They have suffered from years of stop-start orders, as India’s nuclear programme stalled.
But there are now signs India’s $150 billion dollar nuclear power programme is finally getting off the ground: the government expects to seal a contract with Westinghouse Electric Co LLC to build six nuclear reactors in the first half of next year, a senior government official told Reuters.
“We are very hopeful that before the end of the financial year, that the enquiries will start to come in,” G.K. Pillai, chief executive officer of Walchandnagar said.