India plans to get uranium from Russia for nuclear power
POWER & RENEWABLE ENERGY

India plans to get uranium from Russia for nuclear power

Indian Prime Minister Narendra Modi arrived in Russia for a two-day visit, marking his first visit in five years. It was anticipated that he would engage in discussions with President Vladimir Putin aimed at revitalising relations between the two nations and likely concluding strategic agreements.

Senior officials familiar with the matter indicated that Russia and India were expected to finalise a long-term uranium supply agreement for a nuclear power plant set to commence operations in Tamil Nadu. Additionally, it was anticipated that during the visit, an agreement would be signed allowing mutual use of military facilities for training, port calls, humanitarian assistance, and disaster relief operations. These details were provided by officials who preferred anonymity due to the sensitive nature of the discussions.

India?s Ministry of External Affairs did not immediately respond to inquiries seeking further information on the uranium supply agreement. The surge in support for nuclear power as a low-carbon energy source has driven uranium prices to more than triple since the end of 2020, with projections indicating tight market conditions until 2029 as utilities replenish their stocks, according to Bloomberg Intelligence. Cooperation in the civilian nuclear sector does not fall under the US sanctions imposed on Russia following its invasion of Ukraine.

Vinay Kwatra, India?s Foreign Secretary, highlighted that units 1 and 2 of the Kudankulam Nuclear Power Plant were already operational, with progress underway on units 3 and 6. He underscored Moscow?s significance as a crucial partner in India?s energy security and defence.

Previously, Rosatom had supplied nuclear fuel to Kudankulam in 2022 and 2023. The majority of India?s uranium production is sourced from Uranium Corp.?s mines in Jharkhand, where reserves are depleting rapidly. Efforts to exploit deposits in other states, such as Andhra Pradesh and Meghalaya, have not met expectations, leading to increased reliance on imports.

India has engaged in spot agreements with several countries, including Kazakhstan, Russia, France, Uzbekistan, and Canada, for uranium procurement. The military agreement is expected to facilitate exchanges of fuel and spare parts for Russian warships in the Indian Ocean and Indian vessels in the Arctic, an area witnessing heightened activity due to newly opened shipping routes as a result of receding ice caps.

Indian Prime Minister Narendra Modi arrived in Russia for a two-day visit, marking his first visit in five years. It was anticipated that he would engage in discussions with President Vladimir Putin aimed at revitalising relations between the two nations and likely concluding strategic agreements. Senior officials familiar with the matter indicated that Russia and India were expected to finalise a long-term uranium supply agreement for a nuclear power plant set to commence operations in Tamil Nadu. Additionally, it was anticipated that during the visit, an agreement would be signed allowing mutual use of military facilities for training, port calls, humanitarian assistance, and disaster relief operations. These details were provided by officials who preferred anonymity due to the sensitive nature of the discussions. India?s Ministry of External Affairs did not immediately respond to inquiries seeking further information on the uranium supply agreement. The surge in support for nuclear power as a low-carbon energy source has driven uranium prices to more than triple since the end of 2020, with projections indicating tight market conditions until 2029 as utilities replenish their stocks, according to Bloomberg Intelligence. Cooperation in the civilian nuclear sector does not fall under the US sanctions imposed on Russia following its invasion of Ukraine. Vinay Kwatra, India?s Foreign Secretary, highlighted that units 1 and 2 of the Kudankulam Nuclear Power Plant were already operational, with progress underway on units 3 and 6. He underscored Moscow?s significance as a crucial partner in India?s energy security and defence. Previously, Rosatom had supplied nuclear fuel to Kudankulam in 2022 and 2023. The majority of India?s uranium production is sourced from Uranium Corp.?s mines in Jharkhand, where reserves are depleting rapidly. Efforts to exploit deposits in other states, such as Andhra Pradesh and Meghalaya, have not met expectations, leading to increased reliance on imports. India has engaged in spot agreements with several countries, including Kazakhstan, Russia, France, Uzbekistan, and Canada, for uranium procurement. The military agreement is expected to facilitate exchanges of fuel and spare parts for Russian warships in the Indian Ocean and Indian vessels in the Arctic, an area witnessing heightened activity due to newly opened shipping routes as a result of receding ice caps.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?