Business

Larsen & Toubro inks MoU with AREVA

Larsen & Toubro (L&T) has announced signing a memorandum of understanding (MoU) with AREVA of France for co-operation to maximise localisation of the EPR nuclear power plant to be built at Jaitapur, Maharashtra.

The MoU with AREVA represents a major step forward for L&T in the field of pressurized water reactor technology. “This is a significant addition to L&T’s existing capabilities and the lead role it has played in equipment manufacture, construction and project management for pressurized heavy water reactors in India’s domestic nuclear power program,” L&T said. “This partnership will add new dimensions to the capabilities of India’s manufacturing sector in the nuclear business,” M. V. Kotwal, Whole-time Director and President, Heavy Engineering, said. AREVA will transfer technology to utilise the forging capabilities of L&T Special Steels and Heavy Forgings (a joint venture with Nuclear Power Corporation of India Ltd.).

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Printable version | May 6, 2021 10:12:11 AM | https://www.thehindu.com/business/lt-inks-mou-with-areva/article7093527.ece

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