Shares of Hindustan Construction Co. and Walchandnagar Industries Ltd. advanced on Saturday, as Finance Minister Nirmala Sitharaman announced schemes in the Union Budget to focus on nuclear energy.
Sitharaman said that as part of the government's nuclear energy mission for Viksit Bharat, it will develop at least 100 gigawatts of nuclear energy by 2047.
"This is essential towards India's energy transition efforts," Sitharaman said.
The budget also mentioned an investment of Rs 20,000 crore for a Nuclear Energy Mission for the research and development of Small Modular Reactors. Also, the government aims to make five small modular rectors indigenously by 2033.
Shares of Walchandnagar Industries rose as much as 8.33% to Rs 261.99 apiece, before paring gains to trade 6.81% higher at Rs 258.31 per share on the NSE. The stock has fallen 10.65% in the last 12 months.
Shares of Hindustan Construction Co. surged 1.40% higher at Rs 32.50 apiece on the NSE as of noon. The stock has fallen 18.45% in the last 12 months.
Shares of BHEL dipped 2.32% at Rs 203.27 per share on NSE as of 12:52 p.m. The stock has fallen 10.65% in the last 12 months.
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