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Nuclear power
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Net tone● ±0% today
Market checkCoal India +1.0%
Developing3 storylines
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● mixedIran pressed to make nuclear concessions to revive peace talks with USIranGeopoliticsMiddle East
● mixedUS happy to become provider as India diversifies energy sources: OfficialWashington has emerged as an important energy supplier to India as New Delhi diversifies sourcesNayara Energy
● mixedFrance seeks bigger role in India’s nuclear push with European reactor localisationEDFEuropean UnionPower sector
▲ bullishIndia and EDF discuss EPR reactor deployment and pumped hydro projectsTalks covered deployment of French EPR nuclear reactors and pumped hydro projectsEDFPumped storagePower sector
● mixedIndia cannot afford to choose between competing blocs, not taking sides comes with costs: CEA NageswaranGeopoliticsTrade dealsUS tariffs
Broker call▲ bullishJefferies strategist identifies energy as India’s leading structural growth storyJefferies’ Chris Wood named Hitachi Energy India as a picks-and-shovels playHitachi Energy IndiaJSW EnergySolar Industries India
● mixed‘We are ready’: Iran’s Pezeshkian challenges Trump with offer to open nuclear programme to inspectorsPezeshkian offered to open Iran’s nuclear programme to inspectorsIranDonald TrumpUnited Nations
Policy● mixedDraft National Electricity Policy 2026 sent to Cabinet for consultationThe draft policy has been submitted for Cabinet consultationPower sectorPower demandPower transmission