Power stocks to benefit from FM's target of 100 GW nuclear energyPower stocks to benefit from FM's target of 100 GW nuclear energy

Introduction:

Nuclear energy stocks rose as Finance Minister Nirmala Sitharaman announced a 100GW nuclear energy target by 2047. This ambitious goal is key to India’s energy transition, marking a significant shift towards clean, sustainable energy sources for the future.

The Finance Minister emphasized the need for private sector collaboration and stated that amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act would be pursued to facilitate this partnership. This move aims to streamline nuclear energy development and investment.

Additionally, a dedicated Nuclear Energy Mission will be established, with a focus on Small Modular Reactors (SMR). An outlay of ₹20,000 crore has been allocated for research and development, targeting the operationalization of at least five indigenously developed SMRs by 2033.

Key stocks to watch:

Kirloskar Brothers Ltd  

On February 1, 2025, Kirloskar Brothers Ltd opened at ₹1,895.05, up 4.69% from its previous close of ₹1,856.45. The stock reached a high of ₹1,982.00 (6.74%) and a low of ₹1,866.65. The stock closed at ₹1,943.60, with a market cap of ₹15,433.92 crore.

Kirloskar Brothers Ltd is a leading manufacturer of pumps, valves, and engines in India. The company specializes in fluid management solutions for various industries, including agriculture, water supply, and construction, with a strong focus on innovation and sustainability.

Walchandnagar Industries Ltd  

On February 1, 2025, Walchandnagar Industries Ltd opened at ₹238.00, up 8.29% from its previous close of ₹241.85. The stock reached a high of ₹266.03 (10%) and a low of ₹236.19. The stock closed at ₹261.90, with a market cap of ₹1,452.47 crore. 

Walchandnagar Industries Ltd is an Indian engineering company, primarily involved in manufacturing heavy engineering products, including industrial machinery, pressure vessels, and turbines. It caters to sectors like defense, nuclear power, and aerospace, emphasizing quality and technology-driven solutions.

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Larsen & Toubro Ltd (L&T)  

On February 1, 2025, Larsen & Toubro Ltd opened at ₹3,578.00, down 3.06% from its previous close of ₹3,567.40. The stock reached a high of ₹3,629.20 (1.73%) and a low of ₹3,402.00. The stock closed at ₹3,458.25, with a market cap of ₹4,75,554.55 crore.

Larsen & Toubro Ltd (L&T) is a global conglomerate specializing in engineering, construction, manufacturing, and technology services. With a strong presence across various sectors, L&T focuses on infrastructure development, including power, water, and transportation, and maintains a reputation for excellence.

Bharat Heavy Electricals Ltd (BHEL)  

On February 1, 2025, Bharat Heavy Electricals Ltd opened at ₹209.56, down 4.13% from its previous close of ₹208.09. The stock reached a high of ₹214.40 (2.96%) and a low of ₹196.60. The stock closed at ₹199.49, with a market cap of ₹69,463.68 crore.

Bharat Heavy Electricals Ltd (BHEL) is a state-owned engineering and manufacturing company, providing a wide range of products for the energy and infrastructure sectors. Known for its innovative solutions, BHEL manufactures power generation equipment and offers turnkey project services globally. 

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Hindustan Construction Company Ltd (HCC)  

On February 1, 2025, Hindustan Construction Company Ltd opened at ₹32.30, down 0.84% from its previous close of ₹32.05. The stock reached a high of ₹33.95 (5.66%) and a low of ₹31.43. The stock closed at ₹31.78, with a market cap of ₹5,782.00 crore.

Hindustan Construction Company Ltd (HCC) is a leading infrastructure development company in India, specializing in engineering, procurement, and construction (EPC) projects. The company focuses on large-scale infrastructure projects in sectors like roads, railways, and water supply, with a commitment to quality and safety.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.