India’s Nuclear Build-Out Puts Three Equipment Stocks In Focus

India wants to build many more nuclear power plants over the next several decades.

This means companies that make reactor parts could receive more orders.

Ratnamani Metals makes special pipes and prefabricated pipe sections for nuclear projects.

MTAR Technologies makes important reactor components and has won large orders.

KSB makes pumps used in nuclear reactors and has supplied India’s pressurised heavy water reactors for many years.

The government is also considering small reactors and more private-sector participation.

However, nuclear projects take a long time because equipment needs many approvals and inspections.

Investors should therefore consider both the possible growth and the risks before making decisions.