Nuclear Deal

The Reserve Bank of India (RBI) has now lowered the repo rate, by 100 basis points to 8 per cent.
The reduction, the first since 2004,is effective immediately. This will helps in lowering the cost of
funds for banks.

Nuclear Deal - A beneficial for Companies

About Nuclear Deal

This was a historic moment for India when the 45-member Nuclear Suppliers Group (NSG) decided to resume civilian
nuclear commerce with India. India gained unique status as the only nuclear weapons power to be allowed global nuclear
commerce without signing either the Nuclear Non-proliferation Treaty or Comprehensive Test Ban Treaty, until now a
precondition for entering the elite nuclear club .The deal will not just give India access to nuclear fissile material and
technology to mount a credible nuclear energy program it will also open up certain key high-tech industries such as
pharma, IT, space and defence.

Related Companies likely to benefit from Nuclear deal

Stock investors should watch out for stock picks in this upcoming sector for some great opportunities for investing.
As many as 400 Indian and foreign firms are seen as the beneficiaries of the far-reaching NSG verdict. India can now
attract over $40 billion in foreign investment over the next 10-15 years as the result of private sector entry into India's
nuclear power generation. Already players such as L&T, India’s biggest engineering company and BHEL, the largest
power equipment maker ,are associated with NPCIL for the erection, procurement and construction of nuclear plants.
NTPC is going to be another major player in this arena. Experts said with the NSG deal, India needs to look at allowing
private sector participation for realizing its plans of adding 60,000 MW of nuclear power. This will require an investment
of over Rs.600,000 crore, since each MW of nuclear power costs about Rs.10 crore. Already R-Power, NPCIL, JSW,
BHEL and L&T have lined up plans worth over Rs.1,00,000 crore for foraying into this sector. Larsen & Toubro is planning
to form a Rs 2,000-crore ($463 million) forging venture with NPCIL. Indian companies likely to benefit from nuclear deal
Reliance Energy reportedly plans to invest additional Rs.12, 000 crore in nuclear power capacity. It plans to install 2000
megawatt of nuclear power capacity. Tata Power Company tied up with some major nuclear equipment suppliers like
Areva. It already has a relationship with Toshiba. Areva T&D is reportedly looking at a plant for uranium mining and
recycling. The plant would be set up after nod from Nuclear Power Corporation. Alstom Projects India, an established
player in nuclear business is currently manufacturing nuclear reactors, rotors and turbines for nuclear power stations.
The company is expected to receive business from its parent company, which is a world leader in conventional nuclear projects