L&T Projects Tripling of Nuclear Energy Revenue Amid Domestic Expansion
L&T anticipates a threefold increase in nuclear energy revenue within 5-6 years, primarily driven by domestic projects. The company holds a significant market share and is poised for growth as India's nuclear capacity expands from 8.8 GW to 22 GW by 2032 and 100 GW by 2047.
Theia Market Signal Identification - AI Assisted
L&T expects nuclear energy revenue to triple in the next 5-6 years, largely from domestic projects, as the sector sees increased order inflows. The company currently holds a 55-60% market share in various segments of the nuclear energy value chain.
India aims to expand its nuclear power generation capacity significantly, with 54 GW to be developed by NPCIL, 30 GW by NTPC, and the remainder by private players. L&T is also exploring partnerships internationally, particularly with firms operating large power reactors, and is engaged in the small modular reactor sector in the US. The current GST rate on nuclear energy presents a disadvantage compared to renewables, and there are calls for government recognition of nuclear as green energy to enhance its competitiveness.
Comments