The state-owned units of India's Department of Atomic Energy (DAE) performed well in 2017: Nuclear Power Corporation of India Limited's 2017 profit of $482 million was its highest ever; Uranium Corporation of India Ltd., achieved its highest ever production; and fuel cycle company Nuclear Fuel Complex achieved 115% of its...
India may buy overseas Uranium mines and assets
India's Atomic Energy Commission has recommended setting up of a joint venture company between the Nuclear Power Corporation of India and the Uranium Corporation of India to explore the possibility of acquiring uranium assets abroad, minister of state in the Prime Minister's Office V. Narayanasamy informed India's upper house of...
Russia seeks India co-investment in $3 billion Elkon Uranium Project
Russia offers India 49% control of joint uranium mining projects in country, such as the proposed Elkon development. Russia's Rosatom and India's Uranium Corporation of India Limited have been negotiating the joint development of a large uranium reserve in the republic of Sakha, Sergei Kiriyenko, the Russian state nuclear holding's...