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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?