Nuclear Power Corp hopes to end FY12 with Rs 8,000 cr turnover

State-owned Nuclear Power Corporation of India (NPCIL) is expecting to finish this fiscal with a turnover of Rs 8,000 crore, according to a top official of the nuclear power producer.

SK Jain, chairman and managing director, NPCIL, said the company is expected to touch 32,000 million units of power production mark in the financial year as against 26,000 million units last fiscal.

"This year March end, we are going to break all records of our performance. We are going to cross 32,000 million units of generation. This can be seen in the backdrop of 26,000 million units last year. So, a hefty 40% rise in generation," Jain said in a press conference.

In revenue terms, also we are going to touch more than Rs 8,000 crore turnover as against Rs 5,000 crore last year, he added.

NPCIL has 20 nuclear power reactors under operation across the country.

Replying to a query, he said post Fukushima (Fukushima Daiichi nuclear disaster) all the NPCIL plants were revisited and were found to be capable of meeting any challenge.

He also said that the work at Kudankulam (atomic power project) has started on a war footing. He, however, did not give any time-frame citing regulatory issues.

Jain was chief guest at a function organised by Nuclear Fuel Complex on the occasion of handing over the first batch of steam generator tubes indigenously manufactured by it to L&T.

One day, India will become a major hub for exporting nuclear sub assembly equipment, Jain said.

"[This is] because the capability of India in producing nuclear equipment is going up and also cheaper by 25% than the European price," he said.