However, the major suppliers, for instance companies building the reactors, will not be absolved if there is any mishap.
"Suppliers (who) are involved whether it is Indian or theirs (foreign)...Then we will mention it in the contract that they will have no obligation (in case of an accident) as ultimately it is we who are designing, fabricating, construction, commissioning," Sekhar Basu, Secretary, Department of Atomic Energy, said today.
He was speaking at the 7th Nuclear Energy Conclave here.
The foreign companies building the reactors will have to take insurance cover of Rs 1,500 crore, additional to the same amount that Nuclear Corporation of India (NPCIL) will take.
The decision comes as a major relief to small suppliers, mostly Indian companies, which had been complaining about the stringent provisions of the Civil Liability Nuclear Damage(CLND) Act 2010, which held suppliers responsible in case of any accident.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
