Nuvia India targets Rs 120 crore growth by 2014

Nuvia India is eyeing around 20 million euro, around Rs 120 crore, in revenues from the country over the next two to three years.

“India is taking bold steps to meet the huge demand for electricity and we want to be in a position to provide local support to the extensive nuclear power programme that is already underway. We are eyeing around 20 million euro revenue over the next two to three years,” Nuvia general manager for business development and strategy, Minu Singh, said. “We have entered into an agreement with the Nuclear Power Corporation of India to provide complete turn-key solutions for one of its projects. We are looking at partnering with other public sector units too,” she said.

Nuvia, a French company, entered India only last year. The country’s indigenous programme of increasing the nuclear power capacity to 63,000 mw by 2032 from the current around 4,500 mw offers a large avenue for many foreign companies to collaborate with government agencies, she said.