Larsen & Toubro to invest 500 million dollars to build nuclear reactors
New Delhi:
India's top construction and engineering firm Larsen & Toubro (L&T)
has said it planned to invest 500 million dollars to build nuclear reactors, hoping
to tap Indian orders for power projects. Talking to reporters here on Tuesday
L&T chairman and manging director A.M. Naik said, "We are spending more than 500
million dollars to set up a forging shop meant for nuclear reactors and many other
associated equipment for other industries." India signed a civilian nuclear co-operation
agreement with the United States late last year and global nuclear power firms
are keen to partner Indian firms expecting large orders from the power deficient
nation. Private firms are currently allowed to participate in the nuclear power
sector only as a minority partner with state-run Nuclear Power Corp.
