India Set To Acquire Foreign Uranium Mines

Oman Tribune reported India may soon set up a new company to acquire uranium mines in foreign countries to ensure fuel supplies to its burgeoning nuclear power programme.

As quoted in the market news:

The Atomic Energy Commission has recommended setting up of a joint venture company between Nuclear Power Corporation of India Limited and Uranium Corporation of India Limited to explore the possibility of acquiring uranium assets abroad, Minister of State in the PMO V Narayanasamy informed the Rajya Sabha.

Click here to read the full Oman Tribune report.