.

According to the source, the Indian Government aims to attract an investment of around 26 billion dollars (Rs 2.16 trillion) from the private sector to enhance its nuclear energy industry, aligning with efforts to decarbonize the power sector.

This marks the first instance of India seeking private investment for nuclear development, contributing a mere 2 percent to the nation’s overall power generation. 

The intended funds are crucial for achieving India’s target of reaching 50 percent non-fossil fuel-based installed electric generation capacity by 2030, up from the current 42 percent.

The government is presently engaged in discussions with at least five private companies, seeking investments of approximately 440 billion rupees (5.30 billion dollars) each. 

Listed below are the stocks of large group companies with whom the Government is likely in talks:

Reliance Industries Ltd 

With a market capitalization of Rs. 20,20,573 crores, the shares of the oil refinery company started Friday’s trading session on a higher note at Rs. 2,979 compared to its previous close of Rs. 2,963.50.

During the trading session, the shares hit a high of Rs. 2,995.10, gaining around 2 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 2,987 apiece. 

Coming onto the company’s latest financial statements, the revenue increased by 3 percent from Rs. 2,31,886 crores in the September quarter to Rs. 2,25,086 crores during the December quarter. On a contrasting note, the net profits decreased marginally by 1.19 percent from Rs. 19,878 crores to Rs. 19,641 crores during the same period. 

Tata Power Company Ltd 

With a market capitalization of Rs. 1,20,848 crores, the shares of the power generation company started Friday’s trading session on a higher note at Rs. 379.35 compared to its previous close of Rs. 377.90.

During the trading session, the shares hit a high of Rs. 3781.75 gaining around 2 percent and closed the day at Rs. 378 apiece. 

Coming onto the company’s latest financial statements, the revenue decreased by 7 percent from Rs. 15,738 crores in the September quarter to Rs. 14,651 crores during the December quarter.

On a contrasting note, the net profits increased by 6 percent from Rs. 1,017 crores to Rs. 1,076 crores during the same period. 

Adani Power Ltd 

With a market capitalization of Rs. 2,16,547 crores, the shares of the largest private thermal power producer started Friday’s trading session on a flatter note at Rs. 562 compared to its previous close of Rs. 562.25.

During the trading session, the shares hit a high of Rs. 566, gaining around 1 percent and closed the day at Rs. 559 apiece. 

Coming onto the company’s latest financial statements, the revenue was constant at Rs. 12,991 during both quarters. On a contrasting note, the net profits declined by 58 percent from Rs. 6,594 crores during the September quarter to Rs. 2,738 crores in the December quarter.

Vedanta Ltd 

With a market capitalization of Rs. 99,825 crores, the shares of the diversified natural resource group started Friday’s trading session positively at Rs. 272 compared to its previous close of Rs. 271.50.

During the trading session, the shares hit a low of Rs. 268, making a loss of around 2 percent and closed the day at Rs. 269 apiece. 

Coming onto the company’s latest financial statements, the revenue decreased by 8 percent from Rs. 38,945 crores during the September quarter to Rs. 35,541 crores in the December quarter.

On the other hand, the net profits showcased a transition from a net loss of Rs. 915 crores to a net profit of Rs. 2,868 crores during the same period. 

Written By Vaibhav Patil

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