India is executing an aggressive strategy to secure uranium for its expanding nuclear program, targeting a massive leap to 100 GW of nuclear capacity by 2047. Recent milestones include finalizing a landmark administrative arrangement with Australia for long-term uranium exports and securing major supply agreements with Canada's Cameco and Kazakhstan's Kazatomprom. Furthermore, state-owned power giant NTPC Ltd. is investing directly in overseas uranium mines.The push for overseas fuel is driven by the sheer scale of the country's nuclear expansion, which aims to diversify the power grid and decarbonize an economy still largely reliant on coal. Key elements of India's current nuclear drive include:

India is executing an aggressive strategy to secure uranium for its expanding nuclear program, targeting a massive leap to 100 GW of nuclear capacity by 2047. Recent milestones include finalizing a landmark administrative arrangement with Australia for long-term uranium exports and securing major supply agreements with Canada's Cameco and Kazakhstan's Kazatomprom. Furthermore, state-owned power giant NTPC Ltd. is investing directly in overseas uranium mines.
The push for overseas fuel is driven by the sheer scale of the country's nuclear expansion, which aims to diversify the power grid and decarbonize an economy still largely reliant on coal. Key elements of India's current nuclear drive include: 
Expanding Reactor Fleet: -
India currently operates 24 nuclear reactors. An additional 10 reactors are under construction, with pre-project activities ongoing for 10 more.
Private Sector Involvement:- 
In December, India passed the SHANTI Act and related legislation to end the state monopoly on atomic power generation, allowing private domestic and joint-venture firms to construct and operate nuclear plants. 
Overseas Asset Investment:- .
State-controlled power giant NTPC Ltd. issued tenders to appoint consultants to identify and acquire uranium-mining assets in major producing countries like Canada, Australia, Kazakhstan, and South Africa.

MJF Lion ER YK Sharma 

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