AUGUST 20258L&T SECURES MAJOR CONTRACT FOR HINDUSTAN ZINC'S DEBARI SMELTER PROJECTINDIA TO SET NORMS FOR PRIVATE NUCLEAR POWER GENERATIONThe minerals and metals industry in India is all set to get a capacity addition as Larsen and Toubro (L&T) has bagged an order worth up to 5000 crores to be executed by Hindustan Zinc, a Vedanta Group company. This contract focuses on designing, engineering, procuring, implementing, and commissioning major facilities at the company in the Debari Smelter Complex located in Rajasthan.India is exploring eligibility criteria for private companies to enter the nuclear power generation industry, which may mark a shift from their traditional state-only model.Currently, only central public sector units can operate nuclear plants, but the government is having to rethink this To fulfill its expansion plans, Hindustan Zinc will carry out a 250 Kilotonne per Annum (KTPA) leaching, purification and cellhouse project and 125 KTPA Jarosite Circuit. When ready, the plant will manufacture special high grade zinc cathodes, which will enhance the Indian market, in the global zinc market.According to L&T's filing, the scope of work includes "design and engineering, procurement, complete site services including installation and commissioning of calcine storage, leaching, purification, and electrowinning (Jumbo Cell House) plant.""This win reaffirms L&T's leadership in the minerals and metals sector and underscores our commitment to delivering excellence that ensures customer satisfaction," said T Kumaresan, Senior Vice President and Head, Minerals and Metals, L&T.A market capitalization of more than USD 30 billion has made L&T play a very significant role in EPC projects, hi tech manufacturing and services in various geographies making L&T one of the leaders in large scale industrial infrastructure development. approach given the burgeoning demand for clean energy, along with the Viksit Bharat 2047 vision.Sources familiar with the process have indicated that the new requirements will measure companies by financial health, technical capabilities, and experience with large infrastructure projects. One of the major concerns is the company's ability to show they can have a consistent period of positive revenue."The idea is to allow companies that are established and have a proven record of developing large projects," said one of the persons cited. "The company should be a going concern, with a good financial outlook." To have an active partnership with the private sector, the budget had proposed amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act.Long-standing investor issues arise when considering the liability risks, especially in terms of the current nuclear damage law.Investor concerns over liability risks have long been a barrier, especially under the existing nuclear damage law. However, enabling reforms could position India's private sector as a key player in scaling nuclear capacity from the current 8.8 GW to the targeted 100 GW by 2047, with an interim goal of reaching 22 GW by 2032. TOP STORIESTOP STORIESTOP STORIES
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