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Events / Business / India issues largest nuclear EPC tender
Business tender issuance

India issues largest nuclear EPC tender

Analysis based on 7 articles · First reported Jul 15, 2026 · Last updated Jul 15, 2026

Sentiment
40
Attention
3
Articles
7
Market Impact
General
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Market Impact

The tender signals a significant boost to India's nuclear energy sector, creating opportunities for domestic engineering and construction firms. It reinforces India's commitment to clean energy, potentially attracting investment in nuclear supply chains and related industries.

nuclear power engineering construction
Event Summary

India, through Anushakti Vidhyut Nigam Limited (ASHVINI), a joint venture between Power Grid Corporation of India (NPCIL) and NTPC Limited, is set to issue its largest-ever Nuclear Island Engineering, Procurement and Construction (EPC) tender worth over Rs 28,000 crore. The tender covers four indigenous 700 MWe Pressurised Heavy Water Reactors (PHWRs) at the Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) Units 1-4. This marks a major step in India's nuclear power expansion, aiming to strengthen domestic manufacturing and achieve 100 GW nuclear capacity by 2047. Prime Minister Narendra Modi laid the foundation stone for the project in September 2025. India's current nuclear capacity is 8.78 GW, projected to reach 22.38 GW by 2031-32.

Key Actions
100 Anushakti Vidhyut Nigam Limited issued tender
80 Narendra Modi laid foundation stone Mahi Banswara Rajasthan Atomic Power Project
Entities Involved
cnt
India
India advances its nuclear energy program, aiming for energy security and clean electricity. The tender supports its 100 GW target by 2047.
Importance 100.0 Sentiment 50.0
stock
Power Grid Corporation of India
NPCIL is the parent company of ASHVINI and a key driver of India's nuclear expansion. The tender enhances its role in executing large-scale indigenous reactor projects.
Importance 90.0 Sentiment 60.0
oth
Mahi Banswara Rajasthan Atomic Power Project
The project is the specific site for the four reactors, representing a major infrastructure investment in Rajasthan. It will contribute 2,800 MW to India's grid.
Importance 85.0 Sentiment 60.0
priv
Anushakti Vidhyut Nigam Limited
ASHVINI is the joint venture issuing the tender, directly responsible for the project's execution. It stands to gain from India's nuclear expansion.
Importance 80.0 Sentiment 65.0
stock
NTPC Limited
NTPC holds a 49% stake in ASHVINI, diversifying into nuclear power. The project aligns with its clean energy transition goals.
Importance 70.0 Sentiment 55.0
per
Narendra Modi
Prime Minister Modi laid the foundation stone for the project, symbolizing government support for nuclear energy expansion.
Importance 50.0 Sentiment 40.0
Relationships
India related ↔ Power Grid Corporation of India
India related ↔ NTPC Limited
India related ↔ Narendra Modi
Power Grid Corporation of India related ↔ NTPC Limited
Power Grid Corporation of India related ↔ Narendra Modi
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