NPCIL to form JVs with SAIL and railways for Power Projects

Nuclear Power Corporation of India plans to set up joint ventures with the Indian Railways and Steel Authority of India Ltd to set up nuclear reactors , continuing its strategy to involve state entities to fund its ambitious plan to add nearly 60,000 mw of new capacity in two decades. The company also hopes to involve private firms in nuclear power plants if the government allows this in the future,

“SAIL and Indian Railways have approached NPCIL for joint ventures. NPCIL is already in the process of setting up joint ventures with three other state firms, NTPC , Indian Oil Corporation and National Aluminium Company .

NPCIL would hold majority stake and offer up to 49% to the partners in ongoing or upcoming projects.