Jindal Steel and Power Ltd (JSPL) and Uranium Corp. of India Ltd (UCIL) had signed a memorandum of understanding (MoU) to start a 74:26 joint venture, in which the former was supposed to conduct geological investigations and the latter was to provide technical support to mine the nuclear fuel has run into trouble due to differences between the two companies.
A critical step towards setting up the venture was the establishment of a joint committee to examine the technical and commercial viability of the proposed company. The committee was never set up and the viability study never done. The MoU, therefore, slid into a cold storage.
State-run Nuclear Power Corp. of India Ltd estimates
Uncertainty over raw material supply has dogged
| Company Name | CMP |
|---|---|
| Jindal Steel | 1217.70 |
| Lloyds Metals&Energy | 1502.35 |
| Jai Balaji Inds | 62.81 |
| Steel Exchange India | 8.68 |
| Rajputana Stainless | 123.80 |
| View more.. | |
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