US-based Brighton Energy is to set up a nuclear power plant component facility near Visakhapatnam in Andhra Pradesh, India.
The firm will enter into a memorandum of understanding (MoU) with the Government of Andhra Pradesh, according to business.standard.com.
The facility will produce forged-steel components, fabricated by General Electric for third-generation nuclear power plants.
The heavy equipment and forged-steel manufacturing firm will invest Rs27bn ($589m) in the manufacturing facility.
Brighton plans to set up the facility within two and half years.
The firm has asked for 3.2km² of land and other support including a captive power plant for its energy needs and the allocation of natural gas for the project, according to the government.