Over 400 companies in India may get a share of the total pie of nuke business, estimated at over $100 billion, over the next five years, if the country succeeds to clinch the civil nuclear deal with the US.
Larsen and Toubro (L&T), Tata Power, Mahindra and Mahindra (M&M), Godrej and Boyce, Bharat Forge, Infosys, Wipro and TCS, which were already accorded Raksha Udyog Ratna (RUR) status by the ministry of defence, could be front-runners in engaging at various stages of building nuke power plants.
Industry sources told SundayET that many of these companies may partner with foreign bigwigs such as Areva, Siemens and General Electric in the nuke business. Federation of Indian Chambers of Commerce and Industry (Ficci) secretary general Amit Mitra estimates that at least 400 companies would jump onto the nuclear bandwagon.
“A few years ago, the US, according to its law, placed over 200 Indian companies under the entities list conceding that those companies had either nuke capabilities or dual-use military technologies. I feel, there will be 200 more Indian companies, which would like to engage themselves from the low end of construction business to the high end of building nuclear plants. Companies with Raksha Udyog Ratna status have the potential to be the front-runners,” he said.
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