India Real Estate Link

Hindustan Construction Company announced a tie-up for its nuclear business with Britain-based firm AMEC.
The two companies would provide consulting and EPC services for the establishment of nuclear power plants in India.
The tie-up will also enable HCC to execute services in the field of mechanical and electrical components of nuclear power plants by sourcing the latest global technologies through AMEC.
The Chairman and Managing Director of HCC, Mr Ajit Gulabchand, said he expects Hindustan Construction to win 30-50% of the contracts to build nuclear power plants in India.
Mr Gulabchand said he expects revenues in the range of Rs 2000 crore to Rs 6,000 crore after all nuclear agreements are finalized by India.
HCC’s announcement comes a day after competitor Larsen & Toubro announced plans for its nuclear business. It had tied up with four of the five certified nuclear technology vendors.
Mr Gulabchand said, “We are preparing to become turnkey implementers of nuclear power plant. There will be competition from L&T, but the amount of power that needs to be generated in India through nuclear energy provides enough space for more players.”