EXCLUSIVE
RIL plans to explore uranium mining overseas to cut cost, imports, says Official
This story was originally published at 16:59 IST on 20 March 2026
Register to read our real-time news.Informist, Friday, Mar. 20, 2026
By Astha Oriel
NEW DELHI – Reliance Industries Ltd. plans to explore uranium mining outside India to control costs and reduce dependency on imports, a senior company official told Informist Friday.
Speaking on the sidelines of an event in Delhi, the official said rising geopolitical tensions pose a risk to imports of uranium, which is used in nuclear reactors. The official, however, did not specify the locations of potential uranium mines being looked at. In February 2025, Reliance Industries had announced plans to set up nuclear reactors in Assam as part of its INR-500-billion investment plan in the state over five years. Asked about the timeline and investments in nuclear energy in Assam, the official said discussions are underway regarding the cost of land.
Notably, in 2007, Reliance Industries formed a joint venture with Australia's UXA Resources for uranium mining. The government has urged private players to participate in the nuclear energy space. In December, the Lok Sabha passed the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India Bill that will allow private players to participate in the country's nuclear power sector. The legislation includes core activities such as exploration of atomic minerals, fuel fabrication, equipment manufacturing, and aspects of plant operations.
For the December quarter, the oil-to-telecom conglomerate reported a consolidated net profit of INR 186.45 billion on revenues of INR 2.695 trillion. On Friday, shares of the company ended 2.1% higher at INR 1,414.40 on the National Stock Exchange. End
Edited by Tanima Banerjee
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