India deal unlikely to secure Toshiba’s lofty nuclear plans

Japan’s Toshiba Corp may need to curb its ambitions in nuclear power even as it looks set to win a deal in India, battling both competition from emerging market rivals and the impact of its own deteriorating finances, industry experts said.

A senior Indian government official told Reuters earlier this month that the country expects to seal a contract with Toshiba’s U.S. nuclear unit Westinghouse to build six nuclear reactors in the first half of next year.