L&T eyes nuclear power sector

L&T eyes nuclear power sector
PTI
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First Published: Sun, Aug 26 2007. 02 45 PM IST
Updated: Sun, Aug 26 2007. 02 45 PM IST
Mumbai: Engineering giant L&T has said it aims to be a big player in the country’s nuclear energy sector, also adding that if the Indo-US agreement falls through it will not have any impact on the company’s growth.
“Yes, we want to be a big player in the country’s nuclear energy sector if it is opened up to the private sector,” L&T Chairman A M Naik told reporters.
“We, however, have not factored that in our business. If it comes through, it will be a bonus and if it falls through, we won’t be losing anything,” he said.
The engineering major is an established player in the nuclear power sector and provides engineering, procurement and construction services for nuclear power plants. It is working on 2,000 MW Kudankulam nuclear project and has completed a complex spent fuel storage facility at Tarapur for Bhabha Atomic Research Centre.
Asked about his view on the Indo-US nuclear power deal, Naik said,“ I have not seen the agreement and thus will reserve my comment. But, it appears to be positive”.
The company is also in the final stages of negotiations with Japan’s Toshiba to manufacture super-critical turbines.
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First Published: Sun, Aug 26 2007. 02 45 PM IST
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