Larsen & Toubro (L&T), India's largest engineering and construction company, said it had signed an agreement with Russian company Atomstroyexport (ASE) for co-operation on nuclear power reactors.
L&T in a note to Bombay Stock Exchange on Wednesday said that the MoU signed between the two companies would address the need for equipment and other services. India and Russia had signed an agreement in December last year, and the co-operation between the two companies would be according to the guidelines set for four additional reactors at Kudankulam, Tamil Nadu and other Russian reactors at new sites in India.
As per the deal, L&T and ASE will co-operate in the construction of Kudankulam new power units, as well as in the construction of plants under the Russian designs with VVER reactors at new sites in India and also in other countries.
L&T has played a leading role in equipment manufacture, construction and project management for pressurised heavy water reactors in India's domestic nuclear programme.
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