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 Parliament in response to a question. Both companies are 100 percent owned by the federal government through the department of atomic energy, which is part of the Prime Minster’s Office.
What this means:
India has used a similar approach in going overseas to secure strategic oil/gas and coal assets. This could produce significant opportunity for the so-called uranium minors if they have the patience to understand how India functions
Last updated: December 26th, 2025
