L&T shares higher by a percent on 'significant' order of up to Rs 2,500 crore from NPCIL for Kudankulam nuclear plant

Engineering and construction giant L&T has bagged a 'significant' order worth up to Rs 2,500 crore from Nuclear Power Corporation (NPCIL) for the Kudankulam power project in Tamil Nadu, the company informed on September 16, sending the shares higher by a percent.

The order was won by the Heavy Civil Infrastructure (HCI) vertical of L&T for 2x1000 Mwe Kudankulam Nuclear Power Project (KKNPP 5 & 6) which would involve installation of the reactor and turbine systems, sea water systems, and other related equipment. The order also includes accessories such as piping, structural steelwork, anti-corrosion coating, insulation and full testing across the structures.

The HCI business is an EPC division for core civil infrastructure projects crucial to sectors such as Metros and High-Speed Rail (HSR), tunnels, nuclear power, ports as well as defence infrastructure. This business undertakes civil construction works for nuclear power plants and has expertise in construction of Pressurised Heavy Water Reactors (PHWR), Light Water Reactors (LWR) and Natural Draft Cooling Towers (NDCT).

As part of the Viksit Bharat initiative, India has set a target of 100 GW nuclear power capacity by 2047, which will be supported by the Nuclear Energy Mission, including significant investments in R&D for Small Modular Reactors (SMRs).