"We have been in discussions with Larsen for the last few months for setting up a forgings venture,'' Nuclear Power Executive Director Sudhinder Thakur said in a telephone interview in Mumbai today. He declined to give details.
India is seeking to import nuclear technology and fuel without joining the 1970 Nuclear Non-Proliferation Treaty, increase nuclear power generation almost ten-fold and end shortages of as much as 15 per cent during peak hours of demand. The government expects to generate as much as 63,000 mw nuclear power by 2030, compared with 4,120 mw now.
"We foresee a severe constraint on forgings supplies to power and other infrastructure projects in India,'' Thakur said.
Larsen spokesman Deepak Morada declined to comment.
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app