Shares of MTAR Technologies, Larsen & Toubro (L&T) and Walchandnagar Industries rise following a government relief on duties for nuclear-related imports. The move comes after a notification from the Ministry of Finance stating that no customs duty is required for specified goods imported for nuclear energy generation during a defined period. The notification covers imports made between 1 April 2019 and 31 January 2026, providing the relief over several years rather than a short window. The announcements and subsequent market reaction reflect expectations that the duty waiver could reduce import-related costs for companies involved in supplying or supporting components used in nuclear energy projects. The reporting describes the rally as a direct response to the finance ministry’s notification on customs duty. Overall, the sources present the development as a policy change affecting nuclear energy generation imports, with investors reacting to potential impacts on expenses and project feasibility for businesses in the sector.
MTAR Tech, L&T and Walchandnagar Technologies rise after government nuclear import duty relief
Shares of MTAR Technologies, Larsen & Toubro (L&T) and Walchandnagar Industries rise following a government relief on duties for nuclear-related imports. The move comes after a notification from the M...
- MTAR Technologies, L&T and Walchandnagar Industries see a share-price rally tied to a nuclear import duty relief.
- A Ministry of Finance notification says no customs duty is required for goods imported for nuclear energy generation.
- The duty waiver applies to imports made between 1 April 2019 and 31 January 2026.
- The development is presented as the catalyst for market reaction among investors in these companies.
This rally comes on the back of a Ministry of Finance notification that directed no customs duty shall be required to be paid on goods for nuclear energy generation imported between April 1, 2019 and...
2 months agoThis rally comes on the back of aMinistry of Finance notification that directed nono customs duty shall be required to be paid on goods for nuclear energy generation imported between April 1, 2019 and January 31, 2026.
2 months ago
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