Country’s largest oil and gas explorer Oil and Natural Gas Corporation Limited (ONGC) plans to enter uranium mining business in alliance with public-sector Uranium Corporation of India (UCI), the only company producing nuclear power in India.
As the Indo-US nuclear deal is near finalization, the company sees this as a good time to enter into the business. It aims to tap the business opportunity from nuclear fuel shortage in Asia's third largest economy.
Areva T&D India Ltd., the local unit of the world's biggest maker of nuclear reactors, has been awarded a contract worth about €40mn with Larsen & Toubro Ltd. - ECC Division, for the supply of a substation package for Indira Gandhi International Airport in Delhi.
This contract is one of the biggest recently to be awarded in the Indian power distribution Industry. L&T is the main contractor for the Delhi International Airport Pvt. Ltd. (DIAL).