MTAR Technologies Share Price Surges 13.7% and Walchandnagar Gains 9.2% After Government Waives Customs Duty on Nuclear Power Equipment

MTAR Technologies share price surged to an intraday high of Rs 7,170, gaining 13.7% from its previous close of Rs 6,306, while Walchandnagar Industries jumped to Rs 265.40 (+9.22%) after the Government of India announced a waiver of customs duty on specified nuclear power goods. Both companies are domestic manufacturers of precision components and heavy engineering equipment for India’s nuclear power programme. MTAR Technologies share price is currently at Rs 7,109 (+12.73%) and Walchandnagar is at Rs 263.70 (+8.52%). The customs duty waiver reduces import costs on critical materials needed for nuclear manufacturing, improving the economics of nuclear power projects and encouraging faster capacity expansion by NPCIL, which translates directly into more orders for these companies.

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MTAR Technologies and Walchandnagar: Live Data

Stock	NSE	LTP	Intraday High	Prev Close	Change	Open	Low
MTAR Technologies	MTARTECH	Rs 7,109	Rs 7,170 (+13.7%)	Rs 6,306	+12.73%	Rs 6,666.50	Rs 6,625
Walchandnagar Industries	WALCHANNAG	Rs 263.70	Rs 265.40 (+9.22%)	Rs 243	+8.52%	Rs 249.30	Rs 247.20

The Nuclear Customs Duty Waiver: What It Means

The government’s waiver of customs duty on specified nuclear power goods targets items that are either not manufactured in India in sufficient quality or require imported raw materials of a specific nuclear grade. For MTAR Technologies share price and Walchandnagar, this translates into lower import costs for: specialized alloy steels and forgings used in reactor internals, nuclear-grade seals, bearings, and instrumentation components, and capital equipment (machine tools, testing equipment) used in nuclear component manufacturing facilities. Lower input costs improve project-level gross margins and make Indian manufacturers more competitive for nuclear equipment supply contracts.

India’s Nuclear Ambition Creates Long-Term Order Visibility

India is targeting a massive expansion of nuclear power capacity: from approximately 7,500 MW currently to 22,000 MW by 2031 and over 60,000 MW by 2032 under the Pragatisheel Bharat Nuclear Programme. Ten new 700 MW PHWRs are already under construction under fleet mode approval. This creates a pipeline of construction projects worth hundreds of thousands of crores for domestic nuclear component suppliers. MTAR Technologies share price is positioned as a key beneficiary given its established NPCIL supplier status and precision manufacturing capabilities. Walchandnagar’s expertise in large-scale heavy forgings and pressure vessels makes it equally positioned for the wave of nuclear construction.

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Conclusion

MTAR Technologies share price at Rs 7,109 (+12.73%) and Walchandnagar at Rs 263.70 (+8.52%) have surged on the nuclear customs duty waiver. India’s nuclear expansion plan creates long-term order visibility. Track live on Univest.

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Frequently Asked Questions

Why are MTAR Technologies share price and Walchandnagar rising today?

Ans. MTAR Technologies share price and Walchandnagar Industries share price are rising sharply today after the Government of India announced a waiver of customs duty on specified nuclear power goods. This decision directly reduces the input costs for manufacturers of nuclear power equipment. MTAR Technologies is a precision components manufacturer that supplies critical components to NPCIL (Nuclear Power Corporation of India) for its nuclear power plants. Walchandnagar Industries manufactures heavy engineering equipment including components for power plants and nuclear facilities. Customs duty waivers on nuclear goods mean the companies can import specialized raw materials, components, and capital goods for nuclear manufacturing at zero or lower duty, reducing their project costs and improving margins.

What does MTAR Technologies make for the nuclear sector?

Ans. MTAR Technologies is a precision manufacturing company based in Hyderabad that makes highly complex, tight-tolerance components for critical sectors including nuclear energy, space (ISRO), and defence. In the nuclear power segment, MTAR supplies components to ISRO’s nuclear department and to NPCIL for its Pressurised Heavy Water Reactors (PHWRs) and Light Water Reactors. The company’s nuclear components include fuel machine components, primary coolant pump components, and other reactor internals that require Class A nuclear-grade manufacturing standards. As India plans to significantly expand its nuclear power capacity from around 7,500 MW currently to 22,000 MW by 2031 and 63,000 MW by 2032, MTAR’s order pipeline is expected to grow significantly.

What is Walchandnagar Industries and how does it benefit from nuclear duty waivers?

Ans. Walchandnagar Industries is a Pune-based heavy engineering company that manufactures large equipment for power generation, defence, aerospace, and nuclear sectors. In the nuclear power segment, Walchandnagar supplies large forgings, pressure vessels, and heavy structural components used in nuclear power plant construction. Nuclear power plant construction involves extremely large and heavy components that are manufactured to strict quality standards. The customs duty waiver on nuclear power goods allows companies like Walchandnagar to import specialized raw materials (high-grade alloy steels, special forgings) and capital equipment for nuclear manufacturing at reduced cost. The company has been a NPCIL supplier for many years.

What is India’s nuclear power expansion plan and how does it benefit these stocks?

Ans. India has an ambitious nuclear power expansion programme. The Nuclear Power Corporation of India (NPCIL) is constructing 10 indigenous Pressurised Heavy Water Reactors (PHWRs) of 700 MW each under a fleet mode approval. India is also building Pressurised Water Reactors in partnership with Russia (at Kudankulam) and plans to add reactors with France (Jaitapur) and the USA (GE Hitachi, Westinghouse). The government’s long-term target is 22,000 MW by 2031 and up to 63,000 MW by 2032. This massive expansion creates decades of order flow for domestic nuclear component manufacturers like MTAR Technologies and Walchandnagar Industries. The customs duty waiver is a policy enabler that reduces project costs and makes Indian nuclear power more competitive.