Thursday, August 7, 2008

Nuclear deal beneficiaries??? ONGC, L&T, JSW Steel, R-ADAG

The action is hotting up in the nuclear power value chain. Have a look below:
  1. ONGC is planning to get into uranium mining, and has formed a 74:26 JV with Uranium Corporation of India (UCIL).
  2. L&T is planning to foray in nuclear reactor manufacturing.
  3. JSW Steel, through its power generation subsidiary JSW Energy, wants to get into nuclear power generation, through a JV/technology tie-up with a global major.
  4. R-ADAG is rumoured to be holding exploratory talks with global majors for a foray into manufacturing of nuclear reactors.
However, private sector players are yet to be allowed an entry into nuclear power generation. It will require an amendment of the existing Atomic Energy Act.

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