State run Hydro-electric major Satluj Jal Vidyut Nigam, has divulged that the company has sent its proposal to Nuclear Power Corporation of India (NPCIL) for building a joint venture (JV) for a Nuclear energy plant.

The sources close to the company remarked that SJVN's collaboration with NPCIL would be for constructing a nuclear power capacity of 1,500 MW. The company has lined up expansion plans worth Rs 18,000 crore.

 Indicating its future roadmap, Satluj Jal Vidyut Nigam stated that the company has chalked out plans to double the capacity by 2017.

The Chairman and Managing Director, Nuclear Power Corporation of India Ltd, Dr S.K. Jain advocates nuclear energy as it is economic and environment friendly. State-owned Nuclear Power Corporation of India (NPCIL) has decided to increase the power generation capacity by 2010. The company would add over 2,600 Mw to the national grid in the coming period.

The special approval to the India specific safeguards by the Nuclear Supplier Group will end India’s nuclear isolation. India can now purchase modern nuclear equipment and technology from the open nuclear market. Many companies have started their initiatives to offer atomic fuel and technology sales to India. They are eying on the worth billion deals to be started by India after the approval from US congress.

The largest utility company of India, Tata Power has bought 11.4% equity stake in Australian firm, Geodynamics. Tata Power is a biggest private company which generates a huge amount of electricity, while Geodynamics is a geothermal energy company.

Geothermal power is generated from the heat stored below the surface of earth. Tata Power’s investment in Geodynamics amounted to A$44.1 million (about Rs165 crores).

Technical analyst E Mathew has suggested investors to purchase Alstom Projects India Ltd (APIL) stock on declines in order to achieve a short-tern target of Rs 430.

The investors can achieve the target within a period of 3-4 weeks, and the strict stop loss for the suggested counter should be Rs 376.

Stock market analyst E Mathew has maintained ‘Buy’ rating on CESC Ltd stock with a short term target of Rs 380.

According to Mr. Mathew, interested investors can purchase the stock on declines with a stop loss of Rs 339.

Mr. Mathew also said that the stock has been recommended after analyzing its last performances. Any decline in the stock price corresponding to the broad market can be used as a prospect to take fresh exposure.