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Walchandnagar Industries Ltd. shares jumped 16% on Friday after the Union Cabinet approved the Atomic Energy Bill, 2025, that will make it easier for private companies to operate in the nuclear energy sector.

Prime Minister Narendra Modi last month announced that India will soon open its nuclear power sector to private players. The government plans to scale emissions-free nuclear power capacity to 100 gigawatt by 2047 from the current installed capacity of around 8.8 GW.

The proposed 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 indicat

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