Introduction:
India’s nuclear power generation capacity has almost doubled in the last decade, growing from 4,780 MW in 2014 to 8,081 MW in 2024, Union Minister Jitendra Singh announced in the Lok Sabha on Wednesday, highlighting significant progress in the energy sector.
Singh also projected that India’s atomic energy capacity will triple to 22,480 MW by 2031-32. Nine nuclear power projects are currently under construction, with several more in the pre-project phase, underscoring the country’s focus on expanding nuclear energy infrastructure to meet future demand.
The minister highlighted recent reforms to power distribution, with home states now receiving 50% of electricity generated from atomic plants. Neighbouring states are allocated 35%, and the national grid receives 15%. These changes ensure more equitable resource sharing across states.
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Here are few stocks that might benefit from Govt’s plan to triple nuclear power generation by 2031
HCC
On December 12, 2024, Hindustan Construction Co. Ltd. opened at ₹46.45, down 0.07% from its previous close of ₹46.48. The stock reached a high of ₹46.64 and a low of ₹45.62. By 11:23 AM, it traded at ₹45.77, a 1.53% decrease, with a market cap of ₹7,688.81 crore.
Hindustan Construction Company Ltd (NSE: HCC) is a leading player in the infrastructure sector, with significant involvement in nuclear power projects. The company contributes to India’s nuclear energy capacity expansion through construction and project management in the sector.
Kaynes
On December 12, 2024, Kaynes Technology India Ltd opened at ₹6,510.00, up 0.14% from its previous close of ₹6,500.60. The stock reached a high of ₹6,795.80 (4.54%) and a low of ₹6,474.70. By 11:24 AM, it traded at ₹6,715.45, a 3.31% increase, with a market cap of ₹42,986.11 crore.
Kaynes Technology India Ltd (NSE: KAYNES) is a prominent player in the electronics and technology sector, with a strong presence in the nuclear industry. The company provides critical electronic solutions supporting nuclear power applications and energy infrastructure development.
Sealmatic
On December 12, 2024, Sealmatic India Ltd opened at ₹581.00, up 0.06% from its previous close of ₹579.65. The stock reached a high of ₹583.00 and a low of ₹579.00. By 11:24 AM, it traded at ₹580.00, a 0.06% increase, with a market cap of ₹524.90 crore.
Sealmatic India Ltd (NSE: SEALMATIC) specializes in manufacturing sealing solutions, including products for nuclear power plants. Their high-quality seals ensure safety and efficiency in nuclear reactors and energy infrastructure, supporting the country’s growing nuclear energy sector.
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BHEL
On December 12, 2024, Bharat Heavy Electricals Ltd. (BHEL) opened at ₹254.95, down 0.72% from its previous close of ₹253.80. The stock reached a high of ₹254.95 and a low of ₹247.35. By 11:28 AM, it traded at ₹248.50, a 2.09% decrease, with a market cap of ₹86,529.27 crore.
Bharat Heavy Electricals Ltd (NSE: BHEL) plays a significant role in India’s nuclear power sector, providing key equipment and services for nuclear power plants. Their advanced technology supports the safe and efficient operation of nuclear energy generation.
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.
