| Analysts said nuclear power generation would be a major source of revenue for these companies in the next 2-4 years as it opened a new window of opportunity for them. |
| Through the agreement, India, which is facing a power scarce situation, will be able to procure nuclear fuel from the US for generating electricity for its rapidly expanding urban as well as rural domains. |
| "Most of these big stocks are definitely betting high on the outcome of the Indo-US nuclear cooperation deal. Amongst construction stocks, Siemens, Hindustan Construction, and L&T are definitely qualified for such projects. Normally construction constitutes around one-third of a project's cost. So, the companies are keen to enter that space," said Priyanko Panja, research analyst with Edelweiss Securities. |
| Panja made it clear that as several decisive approvals like those from the Nuclear Suppliers Group and International Atomic Energy Agency (IAEA) were still required, it was futile to expect the stocks to run up in the short term on the back of the Senate vote alone. |
| "It will take at least 15-20 months for the proceedings to begin. There is also a high possibility that some firms may go in for global tie-ups to fit the eligibility criteria," he added. |
| Fasiha Sheikh of Angel Broking said engineering stocks were expected to make significant gains from the nuke deal. Tata Power, which is pursuing alternative forms of power generation including wind, hydel, and nuclear generation, is likely to be another beneficiary. |
| The Tatas, through their subsidiary Tata Consulting Engineers Ltd, have expertise in designing of nuclear reactors and so see an opportunity in the sector. |
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