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L&T eyes Rs 2k cr JV with NPCIL

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Bloomberg Mumbai

"We have been in discussions with Larsen for the last few months for setting up a forgings venture,'' Nuclear Power Executive Director Sudhinder Thakur said in a telephone interview in Mumbai today. He declined to give details.

India is seeking to import nuclear technology and fuel without joining the 1970 Nuclear Non-Proliferation Treaty, increase nuclear power generation almost ten-fold and end shortages of as much as 15 per cent during peak hours of demand. The government expects to generate as much as 63,000 mw nuclear power by 2030, compared with 4,120 mw now.

 

"We foresee a severe constraint on forgings supplies to power and other infrastructure projects in India,'' Thakur said.

Larsen spokesman Deepak Morada declined to comment.

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First Published: Jul 16 2008 | 12:00 AM IST

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