KSB Ltd and VA Tech Wabag Positioned for India's Nuclear Energy Expansion Under SHANTI Bill
KSB Ltd and VA Tech Wabag are positioned to benefit from India's SHANTI Bill, which promotes private sector involvement in Small Modular Reactor development, enhancing nuclear energy's significance in the country's energy strategy. KSB Ltd, specializing in Primary Coolant Pumps, has seen substantial sales growth and a robust order book focused on nuclear projects, while VA Tech Wabag has secured a significant contract for BPCL's Green Hydrogen plant, reflecting its expertise in water treatment technologies. Both companies are poised to capitalize on India's nuclear energy expansion despite potential execution and regulatory challenges.
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India's new SHANTI Bill invites private sector participation in Small Modular Reactor (SMR) development, enhancing nuclear energy's role in the country's energy strategy. KSB Ltd, with a market cap of Rs 12,250 crore, specializes in manufacturing Primary Coolant Pumps for nuclear reactors, reporting sales growth from Rs 1,208 crore in FY20 to Rs 2,533 crore in FY25.
Its order book reached Rs 2,639 crore, with a focus on nuclear sector orders. VA Tech Wabag, valued at Rs 6,629 crore, excels in water treatment technologies, securing a Rs 600 crore contract for BPCL's Green Hydrogen plant.
The company's sales rose from Rs 2,557 crore in FY20 to Rs 3,294 crore in FY25. Both firms are set to benefit from India's shift towards nuclear energy amidst challenges in execution and regulatory compliance.
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