Union finance minister Nirmala Sitharaman on Tuesday announced that in the Union Budget 2024-25 the government will support research and development (R&D) of small modular reactors (SMR) to increase the share of nuclear power in India’s energy basket
In conclusion, Nirmala Sitharaman said the government will partner with the private sector to develop small modular reactors as “Nuclear energy is expected to form a significant part of the energy mix for Viksit Bharat.
In the Union Budget 2024-25, the Government of India has allocated Rs. 2,228 Crores for the development of Nuclear Power Projects.
Towards that pursuit, our government will partner with the private sector to set up Bharat Small Modular Reactors and research and develop newer technologies for nuclear energy.”
Bharat Heavy Electricals Limited
Bharat Heavy Electricals Limited (BHEL) is Maharatna CPSE and one of the largest engineering and manufacturing companies in India engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services for the core sectors of the economy like nuclear power, thermal, transmission, renewable energy, industry, and many more.
BHEL Limited is a key supplier of various components and equipment required for nuclear power plants, including steam turbines, generators, heat exchangers, and other critical infrastructure.
With a market capitalization of Rs. 1,06,673 Crores, the shares of Bharat Heavy Electricals Limited made a high of Rs. 307.35 in the day’s trade by gaining upto 3 percent from its previous day’s close price of Rs. 304.90.
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Hindustan Construction Company
Hindustan Construction Company Limited is involved in the engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro,nuclear, and thermal power plants, expressways and roads, marine works, water supply, irrigation systems, and industrial buildings across the country
Hindustan Construction Company Limited is involved in building various structures and facilities required for nuclear power plants, such as reactor buildings, cooling towers, and other related civil engineering works.
With a market capitalization of Rs. 1,06,673 Crores, the shares of Hindustan Construction Company Limited made a high of Rs. 47.44 in the day’s trade by gaining upto 4 percent from its previous day’s close price of Rs. 46.93.
Larsen & Toubro
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries, it is primarily engaged in providing engineering, procurement, and construction (EPC) solutions across major sectors such as Hydrocarbon, Power, Infrastructure, Information Technology, Defence, and Financial Services in domestic and international markets.
Larsen & Toubro Limited is a leading engineering, procurement, and construction (EPC) company that supplies various components and provides services critical to nuclear power plants, such as steam generators, reactor pressure vessels, heat exchangers, construction of nuclear power plants, including civil works, installation and many more
With a market capitalization of Rs. 4,86,689 Crores, the shares of Larsen & Toubro Limited made a high of Rs. 3,714 in the day’s trade by gaining upto 2 percent from its previous day’s close price of Rs. 3,651.45.
MTAR Technologies
MTAR Technologies Limited is engaged in manufacturing mission-critical precision components, assemblies, sub-assemblies, and spare parts for energy, nuclear, space, aerospace, defence, and other engineering industries, to serve projects of high national importance and many more.
MTAR Technologies Limited specializes in providing high-precision engineering solutions and manufacturing critical components such as reactor control systems, fuel handling systems, and various high-precision equipment.
With a market capitalization of Rs. 5,780 Crores, the shares of Mtar Technologies Limited made a high of Rs. 1,939.85 in the day’s trade by gaining upto 3 percent from its previous day’s close price of Rs. 1,889.50.
Written by: Bharath K.S
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