India, Russia Reaffirm Nuclear and Energy Cooperation
POWER & RENEWABLE ENERGY

India, Russia Reaffirm Nuclear and Energy Cooperation

India and Russia on Friday reaffirmed their commitment to deepening cooperation in civil nuclear energy and the wider energy sector, underscoring the strategic importance of their Special and Privileged Strategic Partnership. The joint statement followed the 23rd India–Russia Annual Summit, during which both sides reviewed ongoing and prospective collaboration across multiple energy domains.

The discussions covered cooperation in oil and oil products, refining and petrochemical technologies, oilfield services, upstream exploration technologies, LNG and LPG infrastructure, and underground coal gasification. The two nations also examined progress in nuclear energy projects. Both sides stressed the need for timely resolution of issues affecting energy investment projects and agreed to work jointly to address investor concerns.

The leaders welcomed advancements at the Kudankulam Nuclear Power Plant, including the construction of the remaining units, and reaffirmed their commitment to meeting timelines for equipment and fuel supply. They also emphasised continued consultations on identifying a second nuclear power plant site in India, with the Indian side committed to completing the formal allotment process in line with prior agreements.

India and Russia further agreed to accelerate technical and commercial engagements on Russian-designed VVER nuclear reactors. Key focus areas will include research and joint development, localisation and the joint manufacturing of nuclear equipment and fuel assemblies for large-capacity reactors, subject to mutually agreed terms.

India and Russia on Friday reaffirmed their commitment to deepening cooperation in civil nuclear energy and the wider energy sector, underscoring the strategic importance of their Special and Privileged Strategic Partnership. The joint statement followed the 23rd India–Russia Annual Summit, during which both sides reviewed ongoing and prospective collaboration across multiple energy domains. The discussions covered cooperation in oil and oil products, refining and petrochemical technologies, oilfield services, upstream exploration technologies, LNG and LPG infrastructure, and underground coal gasification. The two nations also examined progress in nuclear energy projects. Both sides stressed the need for timely resolution of issues affecting energy investment projects and agreed to work jointly to address investor concerns. The leaders welcomed advancements at the Kudankulam Nuclear Power Plant, including the construction of the remaining units, and reaffirmed their commitment to meeting timelines for equipment and fuel supply. They also emphasised continued consultations on identifying a second nuclear power plant site in India, with the Indian side committed to completing the formal allotment process in line with prior agreements. India and Russia further agreed to accelerate technical and commercial engagements on Russian-designed VVER nuclear reactors. Key focus areas will include research and joint development, localisation and the joint manufacturing of nuclear equipment and fuel assemblies for large-capacity reactors, subject to mutually agreed terms.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement