Construction major L&T is gearing up to expand its footprint in the global nuclear supply chain, a senior company official has said, while calling for amendments to key legislations on the domestic front to pave the way for the entry of private players and foreign capital necessary for capacity enhancement.
Fuel loading at India's first prototype fast-breeder reactor in Kalpakkam is expected to start next week, marking a significant step in the country's nuclear program.
The exit of Larsen & Toubro (L&T) from the Hyderabad Metro is a long-term positive for the stock. It could be a bullish trigger, alongside higher international orders, and new opportunities in segments like defence and data centres.
Larsen & Toubro Ltd (L&T) is deepening its push into data centres and defence manufacturing while keeping an eye on emerging opportunities in nuclear and thermal power, chairman and managing director SN Subrahmanyan said. The engineering and construction conglomerate has invested around Rs 2,200 crore in data centres, with 32 megawatts (Mw) already operational.
M R Srinivasan focused on the peaceful use of nuclear power at a time when the popular view among the 'hawks' was that India should build a nuclear arsenal as a deterrent.
Government sources said amendments were being considered to the Atomic Energy Act to allow private sector participation and the Civil Liability for Nuclear Damage Act to limit the liability on suppliers of equipment to build atomic energy plants.
Owing to unfavourable weather conditions and for want of a barge the stator was not moved to Kudankulam earlier.
A milestone in Russian-Indian nuclear cooperation with the arrival of a reactor pressure vessel for the Kudankulam atomic power plant.
'Rajagopala Chidambaram's smile, simplicity and ability to put younger colleagues at ease always encouraged me to approach him for advice or guidance.'
Kudankulam will house the largest nuclear power plants in India and the flagship project of Russian-Indian technological and energy cooperation.
Ushering in reforms, Union Finance Minister Nirmala Sitharaman on Saturday proposed to open up the nuclear power sector for private players and announced a Rs 20,000 crore Nuclear Energy Mission for research in the field, with an aim to set up five small and modular reactors by 2033.
Whether the ambitious targets are achievable is a moot question as India's earlier target was 20,000 MW of nuclear power by 2020.
'Bharat Small Reactors are essentially similar to the existing 220 MWe Pressurised Heavy Water Reactors. The existing regulations are applicable for BSRs.'
With this, the unit has exited the construction phase and began the operational phase.
AAERB's permission for RAPP-7 paves the way for the subsequent phases of reactor commissioning leading to its commercial electricity generation.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
Larsen & Toubro (L&T) will aim to invest $3-4 billion in green hydrogen projects, along with its joint venture (JV) partners, said a senior executive from the company. These investments are planned over three to five years, depending on cost economics. The engineering conglomerate is also in talks to acquire the Nuclear Power Corporation of India's (NPCIL's) share in one of its forging JV companies for a consideration of Rs. 100-150 crore. "We are considering investments worth $3-$4 billion in the green hydrogen space, in collaboration with partners," said S N Subrahmanyan, chief executive officer and managing director of the company.
The share of slow-moving orders in the overall order book of Larsen & Toubro (L&T) is at a multi-year low. This has led to a renewed focus on fast-moving orders. A mix of factors such as commodity price fluctuations, robust order inflow and strong sectoral demand have put capital goods order book in the fast lane, analysts and company executives said. L&T, with its large presence in the capital goods sector, is often seen as the bellwether for trends in this space.
India is working on new technologies such as the small modular reactors that can be factory-built and help make clean energy transition, Science and Technology Minister Jitendra Singh said in New Delhi.
The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC. Government has respectively received about Rs 575 crore and Rs 2038 crore from Nuclear Power Corporation of India Ltd and Coal India Ltd as dividend tranches," Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted. Besides, about Rs 887 crore and Rs 653 crore have been received from Power Finance Corporation (PFC) and Hindustan Aeronautics Ltd as dividend tranches.
The Centre has received Rs 6,651 crore as interim dividend from 12 public sector undertakings (PSUs) on Monday, edging towards its Rs 50,028 crore dividend target for the ongoing fiscal. Power Grid Corporation of India (PGCIL) has transferred Rs 2,506 crore as a dividend tranche to the government, while NMDC and Nuclear Power Corporation of India transferred interim dividend of Rs 1,605 crore and Rs 972 crore, respectively. The government has received dividend tranches of Rs 913 crore from GAIL, Rs 351 crore from Hindustan Aeronautics, Rs 149 crore from Bharat Electronics, among others, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted.
I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.
Three important developments in the nuclear sector have put the department of atomic energy and the Nuclear Power Corporation of India on the back foot, says Praful Bidwai
'We have launched a massive outreach programme, not only at Koodankulam but at all operating projects and those proposed. You will see the change, though this needs time and some healing,' says Kailash Chandra Purohit, the new chairman and managing director of Nuclear Power Corporation
These reactors would bring clean energy to India and generate thousands of jobs in the US
On June 1 2017, the credit protocol to the Intergovernmental Agreement of December 5 2008 and the GFA for Kudankulam NPP Units 5, 6 were signed.
The Nuclear plants in Gujarat, Uttar Pradesh and Rajasthan remained unaffected by the earthquake that hit the Pakistan-Iran border region this evening, impact of which was widely felt in northwest India.
'They are taking the people of the country for granted.'
With the people of Kolar in Karnataka vehemently protesting the government's alleged plans to dump nuclear waste in the abandoned gold mine of the district, the Centre on Tuesday clarified before the Supreme Court that it has no such intentions.
The Nuclear Power Corporation of India Ltd has postponed the expected date of commissioning of the first unit of Kudankulam Nuclear Power Plant to next month
India's first 1000 MW atomic power plant built with Russian collaboration at Kudankulam is just two steps away from going critical, a top official said on Friday.
Clearing the decks for early commissioning of Kudankulam Nuclear Power Plant, the Madras high court on Friday held that its two units did not suffer from any infirmity for want of approvals and rejected safety fears as 'unfounded'.
Controversy-embroiled Kudankulam Nuclear Power Project will once again miss the target as the time frame of commissioning of the first unit has now been revised to the new year.
India's nuclear regulator on Friday said it has granted permission for loading of fuel into the much-delayed Kudankulam atomic power plant.
The massive electricity grid failure earlier this week, that left a majority of India in darkness, has impacted the volumes of power generation companies. The worst power black-out in the world hit their revenues by an estimated Rs 550 crore (Rs 5.5 billion) in two days.
The Department of Disinvestment has sought comments on a draft note proposing share sales to public.
Although the Nuclear Liability Law passed by Parliament has left the India-United States nuclear agreement in limbo, both countries at the end of their Strategic Dialogue in Washington pointed to the agreement between Westinghouse and the Nuclear Power Corporation of India as a tangible step toward ultimate implementation of the agreement.
United States firm Westinghouse Electric and the Nuclear Power Corporation of India Ltd on Wednesday signed a preliminary pact for an Early Works Agreement for installation of the first 1,000 MW American nuclear reactor in India under the historic 2008 Indo-US civil nuclear deal.
KAPP-3, the country's 23rd nuclear power reactor, is a 700 MW Pressurised Heavy Water Reactor (PHWR) designed indigenously, the NPCIL said in a release. The components and equipment for the reactor have been manufactured by Indian industries, and its construction was undertaken by various Indian contractors, it said.
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