Nuclear energy stocks crash up to 6% after concerns over US-India reactor deal

According to pib.gov, India’s nuclear power sector is expanding, with capacity nearly doubling from 4.78 GW in 2014 to 8.18 GW in 2024. The country has 24 nuclear reactors in operation. India aims to reach 22.480 GW by 2031-32 and has an ambitious goal of 100 GW by 2047. Nuclear power is considered a clean and reliable energy source for the country.

Prime Minister Narendra Modi and US President Donald Trump announced plans to advance the construction of American-designed nuclear reactors in India. This move has raised concerns about the involvement of Indian companies in the nuclear energy value chain and their role in the sector’s future development.

Furthermore, the civil nuclear deal, signed 16 years ago, is being revived with a focus on large-scale localization and potential technology transfer. While it promises India access to advanced US nuclear technology for energy security, concerns remain over specific details, notes Shlok Srivastav, Co-founder & COO of Appreciate.

Srivastav emphasized that the deal prioritizes US-designed nuclear reactors, giving American companies a dominant role. While localization is promised, core technology and design leadership may stay with the US. He questioned whether India would truly gain access to critical technology and design expertise through the agreement.

Here are the stocks plummeting up to 6% after the US-India deal, experts warn of a limited role for Indian players:

1. Bharat Heavy Electricals Ltd

With a market capitalization of Rs 67,377.93 crore, the shares were trading at Rs 193.50 per share, decreased around 6 percent as compared to the previous closing price.

2. Larsen and Toubro Ltd

With a market capitalization of Rs 4.44 lakh crore, the shares were trading at Rs 3,235.70 per share, decreased around 1.38 percent as compared to the previous closing price.

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3. Kirloskar Brothers Ltd

With a market capitalization of Rs 13,652.38 crore, the shares were trading at Rs 1,712.25 per share, decreased around 6 percent as compared to the previous closing price.

4. KSB Ltd

With a market capitalization of Rs 10,410.16 crore, the shares were trading at Rs 598.15 per share, decreased around 3 percent as compared to the previous closing price.

5. Walchandnagar Industries Ltd

With a market capitalization of Rs 1,097.81 crore, the shares were trading at Rs 197.95 per share, a decreased around 5 percent as compared to the previous closing price.

6. Power Mech Projects Ltd

With a market capitalization of Rs 6,022.11 crore, the shares were trading at Rs 1,910.00 per share, a decreased around 6 percent as compared to the previous closing price.

Written by Abhishek Singh

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