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India Inc bets big on nuclear power

Indian companies led by Anil Ambani's Reliance [Get Quote] Power (RPower), Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals [Get Quote] (BHEL) plan to invest over Rs 100,000 crore in the next five years to expand their presence in the nuclear energy sector after the country signs the nuclear agreement with the US, paving the way for import of fuel and transfer of technology. Engineering major Larsen and Toubro (L&T) is also foraying into the nuclear energy sector, with plans to manufacture nuclear reactors. The BHEL stock rose by 11 per cent to Rs 1,772, Reliance Power surged 19 per cent to Rs 170.95, while the L&T scrip went up by 7 per cent to Rs 2,766.65 on the Bombay Stock Exchange on Wednesday, whose benchmark index, the Sensex, shot up by 838 points on Wednesday. Reliance Power has planned an... [read full story]                    

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