| ,000 MW of nuclear power. This will require an investment of over Rs 600,000 crore, since each MW of nuclear power costs about Rs 10 crore.
Already R-Power, NPCIL, JSW, BHEL and L&T have lined up plans worth over Rs 1,00,000 crore for foraying into this sector. Larsen & Toubro is planning to form a Rs 2,000-crore ($463 million) forging venture with NPCIL.
NPCIL officials revealed they have already done exploratory meetings and technical discussions with three major reactor suppliers – Areva of France, General Electric and Westinghouse Electric Corporation of the US for supply of reactors for these projects. Look out for the Indian companies which have a tie up with these major players.
"We expect another 200 medium and small firms to get into the act as ancillary producers to the big companies, thereby giving a new direction to efficient and cheaper power production in the country," said Amit Mitra, the secretary general of the Federation of Indian Chambers of Commerce and Industry (Ficci).
Indian companies likely to benefit from nuclear deal
Reliance Energy reportedly plans to invest additional Rs.12, 000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India, an established player in nuclear business is currently manufacturing nuclear reactors, rotors and turbines for nuclear power stations. The company is expected to receive business from its parent company, which is a world leader in conventional nuclear projects.
Larsen & Tourbo is working on a 2000 mega watt Kundankulam nuclear project. The company has extensive experience in handling engineering, procurement and construction projects for nuclear plants.
Rolta India, in association with Stone and Webster offers reactor-building technology to client companies. A 20% stake held by Stone and Webster in Westinghouse Electric could benefit Rolta India.
Bharat Heavy Electrical is currently supplying up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
ABB makes components for power projects. The company could benefit from its parent company that has relevant exposure in manufacturing of new nuclear power plants, systems and components.
Gammon India and Hindustan Construction companies have relevant exposure in engineering procurement and turnkey construction contracts for nuclear projects. Hindustan Construction Company has so far constructed four nuclear power projects in India.
Crompton Greaves completed a switchyard project for Nuclear Power Corporation of India.
Walchandnagar Industries is a critical equipment manufacturer for India's nuclear power facilities.
Kiwi Pumps a Rajkot-based company is in full swing to talk with Walchandnagar Industries, L&T and BHEL for making spares and small components.
SEC Industries is indirectly engaged with government nuclear bodies for fabrication work.
Shree Venkateshwara Engineering Industries mostly manufactures various products for satellite launch vehicles and is now focusing on nuclear power plant equipment.
Suraj Stainless Steel, an Ahmedabad-based company, supplies LP/HP heater tubes to major fabricators that are used in nuclear power plants, is all set for expansion.
The Confederation of Indian Industry (CII) said India will become a manufacturing hub for components and supporting industrial products of nuclear reactors. |