Indian companies are showing interest to be part of nuclear club. It is going
to be next gold rush for the India Inc. Now after approval of International
Atomic Energy Association (IAEA), it has become a possibility for all Indian
Companies to venture in to nuclear power business. ONGC Limited is going to
start a new mining uranium company with Uranium Corporation of India(UCIL)
on 24: 76 joint venture basis. This collaboration will
Allow ONGC to venture in to exploration of hydrocarbons to commercially exploit
Uranium. All global companies are keen to enter nuclear power generation area.
JSW steel has announced that it will also move in to new arena. In 2009 and
the Future there will be lot of companies lining in India to take up initiatives
in the Emerging gold rush area.
