Walchandnagar Industries Ltd. shares rose over 9% hitting one-month open, extending gains for the fourth straight day, as the market cheered Prime Minister Narendra Modi's announcement that India will soon open its nuclear power sector to private players.
The reform, unveiled during the inauguration of Skyroot Aerospace's Infinity campus, marks one of the most significant shifts in India's energy policy in decades and has sparked strong interest in companies with nuclear engineering capabilities.
The momentum was further supported by the government's plan to table the Atomic Energy Bill, 2025 in the Winter Session starting Dec. 1. The Bill will supersede the Atomic Energy Act of 1962, which currently prevents private and state participation in nuclear power generation.
Proposed adjustments to the nuclear liability framework also indicate the government's intent to remove long-standing barriers to private-sector entry.
For companies such as MTAR Technologies, Tata Power, Adani Power, BHEL and Walchandnagar Industries, the reform opens the door to a wave of new nuclear projects.
These firms already possess the engineering assets, heavy equipment capabilities, reactor components and EPC strengths essential for building nuclear infrastructure. The rise of small modular reactors, which require repeatable orders and scalable deployment, further improves visibility for long-term contracts.
Adding to the positive sentiment, Walchandnagar Industries lockout at its Satara plant, was called off on Monday. The company confirmed that plant maintenance work has begun and production will restart gradually from Dec. 20, 2025.
No property damage occurred during the shutdown, meaning no insurance claim was necessary, but the company did incur a revenue loss of around Rs 27 crore over the extended closure.
Following negotiations, discussions with the union and employees have been successfully resolved, enabling the facility to return to normal functioning. The plant reopening eliminates a major earnings headwind as the company enters the second half of the fiscal year.
Walchandnagar Share Price Today
The scrip rose as much as 9.06% to Rs 181 apiece on Friday, highest since Oct. 29. It pared gains to trade 6.65% higher at Rs 177 apiece, as of 9:49 a.m. This compares to a 0.09% advance in the NSE Nifty 50 Index.
It has fallen 30.41% in the last 12 months and 39.52% year-to-date. Total traded volume so far in the day stood at 0.27 times its 30-day average. The relative strength index was at 60.51.
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