thanks @rajpanda , some additional pointers to substantiate mgmt claims to be able to leverage EDF opportunity (attempt to validate its not just a wish list )
1. Why France and EDF? French Nuclear Days India 2020 – La France en Inde / France in India
France is apparently a key country with high concentration on Nuclear power skills (across value chain) , EDF is front running organization working with NPCIL (indian authority) – has signed binding commercial agreement – details on link in previous post
2. Where does WPIL/Rutschi fits in EDF equation
EDF has clearly laid out supplier requirement( in a ring fenced manner where this certification came into existence in recent times), where significant part of supplies/capabilities are planned from local sourcing – who can be a supplier/qualifications – a key certification reqmt is ISO 19443 – specific to Nuclear power industry
here is Rustchi (read WPIL) status
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To validate certification critical aspect further – L&T claims to have received as first indian company to get this certification just last month
https://corpwebstorage.blob.core.windows.net/media/47952/2023-02-28-lt-heavy-engineering-becomes-indias-first-to-earn-iso-194432018-certification.pdf
Appears L&T doesn’t have a direct play in pumps though – Nuclear Power Plant | Heavy Engineering | L&T India -
How big is EDF – India – JNPP project scale –
These are mega projects and have their own pace and in a different league, may not be near term triggers but something worth understanding mgmt game plans on Nuclear play in India, global credential are more established with Rutschi.
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