SOURCE: Industrial Info Resources

Industrial Info Resources

September 30, 2010 05:30 ET

Indian Government to Allow Private-Sector Participation in Nuclear Sector, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - September 30, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Indian government recently announced the decision to allow private-sector participation in the country's growing nuclear power sector. International firms cannot establish nuclear power plants in India, but foreign companies will be allowed to participate in the country's $150 billion nuclear power sector as suppliers of reactors and other critical equipment. Several international nuclear power equipment suppliers including Areva SA (EPA:CEI) (Paris, France), GE-Hitachi Nuclear Energy Incorporated (Wilmington, North Carolina) and Rosenergoatom Concern OJSC (Moscow, Russia) are holding talks with Nuclear Power Corporation of India Limited (NPCIL) (Mumbai).

Other companies featured: Indian Oil Corporation Limited (BSE:530965), NTPC Limited (BSE:532555), Petronet LNG Limited (BSE:532522), Bharat Petroleum Corporation Limited (BSE:500547)

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