NPCI had opened bids for EPC tenders related to the third and fourth devices of the Kudankulam nuclear power mission (1,000 MW each and every). RInfra emerged because the lowest bidder beating Tata initiatives and Larsen & Toubro. The challenge length is estimated 56 months.
Reliance Infrastructure restricted (RInfra) is ready to win a Rs 1,000 Cr order from Nuclear energy agency of India (NPCI) after it emerged because the lowest bidder for an engineering and building contract for the Kudankulam plant. Reliance Infra is now moving its focal point to cash contracts as a part of its solution to grow to be “asset light”. in consequence, the management has stated that they need to increase the company’s EPC order e book.
NPCI had opened bids for EPC tenders associated to the 1/3 and fourth devices of the Kudankulam nuclear energy undertaking (1,000 MW each and every). RInfra emerged because the lowest bidder beating Tata tasks and Larsen & Toubro. The undertaking period is estimated at 56 months. The challenge entails the design, engineering, procurement, manufacture, supply, erection and building, checking out, commissioning, handing over and performance assure of popular products and services, programs, structures and elements for the plant in Tamil Nadu.
This move is part of the government’s push into rising the technology of nuclear power. the federal government has already licensed 10 new nuclear reactors this 12 months. The pressurised heavy-water reactors (PHWRs) have an aggregated capacity of about 7-100 MW. India plans to have a nuclear energy technology capacity of 63,000 MW by 2030, from its current ranges of 6,780 MW.
Reliance Infrastructure Ltd is currently buying and selling at Rs 459, up by way of Rs 5.85 or 1.29% from its earlier closing of Rs 453.15 on the BSE. The scrip opened at Rs 460 and has touched a high and low of Rs 463.65 and Rs 458 respectively. to this point 409626 stocks have been traded on the counter. the present market cap of the corporate is Rs 11917.39 crore.
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