NUCLEAR ENERGY
In 1997, America's last bismuth refinery shut down. 29 years later, the metal is crucial to a 240-MW nuclear reactor whose coolant supply is 82% Chinese
A proposed American nuclear reactor, EAGL-1, will use liquid lead-bismuth coolant. China currently dominates global refined bismuth production, creating supply chain concerns. First American Nuclear is also developing a facility for uranium fuel fabrication. This fuel plant will convert high-assay low-enriched uranium gas into solid pellets.
PM Modi, Putin set to meet at SCO Summit; another meeting likely this year
Russian President Vladimir Putin anticipates meeting Indian Prime Minister Narendra Modi soon. They will likely meet again later this year as well. Economic cooperation, including trade and energy, was also discussed. Russia is increasing fertilizer supplies to India to support agriculture. Both leaders look forward to strengthening the strategic partnership between their nations.
ET World Leaders Forum 2026: Our reform express will move forward at even greater speed, says PM Modi
Building on the theme of Shared Futures for the ET World Leaders Forum, Prime Minister Narendra Modi says the future of every country is interconnected and nothing is possible in isolation. Listing the nation’s major achievements, he highlighted how, even as global unrest was creating an atmosphere of uncertainty and distrust, India emerged as a bright spot of growth, stability and hope.
Modi government strangulating, emasculating ISRO, says Congress General Secretary Jairam Ramesh
The Congress party criticises the Modi government's aggressive privatisation agenda for India's space program. They question the rationale behind weakening ISRO's capabilities and transferring its assets. Reports indicate ISRO's role in rocket development will be severely limited by this new policy. The party also notes that key ISRO professionals have recently resigned from their positions. Concerns are raised about the future of ISRO's historic spaceports under this privatisation drive.
ET World Leaders Forum: India needs to make the shift from 'petro state' to 'electro state'
India needs to shift from a “petro state” to an “electro state” as rising power demand from EVs, AI and data centres accelerates the push for renewable and nuclear energy, speakers at the ET World Leaders Forum said.
In early 2026, OPG began drilling 40 boreholes at Ontario’s Wesleyville site. Now, the tests are assessing land that could eventually host up to 10,000 MW of nuclear power
Canada is undertaking an ambitious project by drilling forty boreholes to evaluate a vast field in Lake Ontario, which could potentially accommodate a nuclear power station with a capacity of 10,000 megawatts. This initiative aims to generate sufficient electricity for around ten million households, while detailed environmental and geological assessments are in progress and the specific reactor technology remains undecided.
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Ahead of Vibrant Summit 2027: Gujarat CM meets global business leaders in New York to drive investments in AI, fintech, and nuclear energy
Gujarat Chief Minister Bhupendra Patel met global leaders in New York for investment opportunities. He discussed AI strategies and student skilling with Kyndryl's Global Head of Delivery. BlackRock's Senior Managing Director explored asset management and GIFT City collaborations with the Chief Minister.
In 2023, Liz and Rich Muller founded Deep Fission to put working nuclear reactors underground. 4 years later, its Kansas pilot is targeting a 5-MW reactor by late 2027
Kansas experiment represents something larger than one company’s attempt to reinvent the nuclear power plant. Deep Fission is testing whether decades-old reactor technology can be paired with modern drilling techniques to create a radically different energy infrastructure. If the company succeeds, underground small reactors could offer a new way to produce dependable electricity close to major industrial and computing loads while potentially reducing the surface infrastructure traditionally associated with nuclear generation.
US nuclear industry to submit comprehensive feedback on India’s SHANTI rules
The US nuclear industry is preparing a comprehensive submission to India on draft rules implementing the SHANTI Act, which opens the civil nuclear sector to private players. USISPF is coordinating industry feedback ahead of the September 4 deadline, focusing on private participation, licensing, liability, insurance and project structuring.
‘One Day, One University’: Modi govt steps up Gen Z outreach
The Modi government is planning a nationwide ‘One Day, One University’ outreach programme, under which Union ministers will visit universities daily to engage with Gen Z, hear student concerns and explain youth-focused welfare schemes.
SHANTI Draft Rules and Regulations: Single licence regime and technology from self-reliant countries proposed
Draft rules for the SHANTI Act are now public, opening India's nuclear power sector. A single licence will cover building, operating, and decommissioning nuclear plants. Private companies must provide mandatory insurance and financial security for waste management. Foreign reactors require certification from their country of origin or another trusted nation.
PM Modi Independence Day 2026 Speech Highlights: Prime Minister sets 2047 target, pitches self-reliance and faster growth
PM Narendra Modi Independence Day 2026 Speech: Prime Minister Narendra Modi addressed the nation from the Red Fort on Independence Day. He articulated a significant national aspiration to achieve a developed India by 2047. Modi highlighted India's economic progress over the past twelve years, contrasting it with earlier periods. The Prime Minister also paid tribute to freedom fighters and acknowledged recent flood-affected families.
Are courts precluded from granting fair, just compensation in nuclear accident: SC seeks Centre response on SHANTI Act
The Supreme Court questioned the Centre regarding compensation for nuclear accidents. It also sought clarification on regulatory body appointments under the SHANTI Act. The court is examining potential conflicts of interest in these appointments. Petitioners argue the new law violates fundamental constitutional rights. The SHANTI Act caps liability for private nuclear power plant operators.
Jindal Stainless investing Rs 900 crore to increase cold rolling capacity to 2.67 MT by FY28: MD
Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key industrial sectors. The company is also planning a significant Rs 40,000 crore manufacturing facility in Maharashtra. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless reported strong financial performance and progress towards sustainability goals.
India celebrates 80th Independence Day: PM Modi lists 'Saptadhara' plan for Viksit Bharat
Prime Minister Modi unveiled a seven-pronged framework for India's developed nation status. This Saptadhara plan focuses on manufacturing, agriculture, technology, and defense capabilities. It also emphasizes green economy, blue economy, and India's growing soft power globally. The prime minister urged youth engagement and political cooperation for women's reservation. India aims for self-reliance and global leadership across various sectors.
UCIL eyes bigger uranium output to fuel India’s 100 GW nuclear push
UCIL aims to lead nuclear fuel supply for India's energy program. The company is enhancing mining and processing capacities for this goal. New mining activities are planned in other parts of the country. UCIL will utilize tailing ponds and expand its Tummalapalle plant. Environmental clearances are being sought for the Rohil project in Rajasthan.
India Inc backs PM Modi’s Independence Day push, vows to turn vision into action
Industry leaders welcomed Prime Minister Modi's Independence Day address. The Prime Minister outlined seven key areas for national development. These streams aim to boost manufacturing, agriculture, and technological innovation. India Inc expressed readiness to invest in strategic sectors for growth. The nation anticipates achieving developed status by 2047.
We will train 1 crore youth in AI skills over next year: PM Modi
Prime Minister Narendra Modi, referring to India's recent AI Summit, announced a major initiative aimed at expanding AI skills among the country's youth. He also said that India has witnessed a significant rise in entrepreneurship, with more than 2.5 lakh startups operating across the country and young entrepreneurs contributing to employment generation.
Department of Atomic Energy releases draft rules of SHANTI Act
Draft rules for the SHANTI Act, 2025, mandate financial security for nuclear damage. Operators must maintain insurance or financial security until spent fuel removal. Foreign reactor designs require certification by their country of origin's regulatory body. The licensing authority may grant in-principle approval for sites or technologies not yet selected. A single composite license will authorize building, owning, operating, and decommissioning nuclear plants.
‘Yuva’ to ‘naujawan’: The words Modi kept coming back to in his Independence Day speech
Prime Minister Narendra Modi put youth at the centre of his Independence Day speech, referring to them 52 times. He used “yuva” 20 times, “naujawanon” 22 times and “saathiyon” 10 times while announcing several youth-focused initiatives.
PM Modi Independence Day 2026 announcements: AI training for 1 crore youth, free coaching, 7 new semiconductor plants & more
Prime Minister Narendra Modi introduced a series of transformative initiatives aimed at shaping India's future growth. He pledged that one crore youth will receive AI skill training in the coming year. Additionally, free online coaching will be available for students preparing for various exams. Plans include a revamped Civil Defence network and a nationwide initiative to discover sports talent.
India named first official partner country at Russian Energy Week
India will be the first official partner country at Russia's Energy Week forum. This partnership aims to attract greater Indian investment in Russian energy assets. Both nations are actively promoting mutually beneficial cooperation in oil and gas projects. Discussions also cover expanding gas supplies and developing new hydrocarbon facilities. India has significantly invested in Russian energy assets over the past two decades.
A massive jellyfish swarm clogged cooling-water filters at France’s Gravelines nuclear plant, forcing three reactors offline and cutting output at a fourth
A French nuclear facility faced major shutdowns as massive jellyfish invaded its cooling systems, resembling an incident from last year. This recurring issue points towards a concerning trend influenced by warmer ocean temperatures and overfishing, which are driving jellyfish numbers up globally. Power stations along coasts are increasingly vulnerable to these marine phenomena, and the evolving climate challenges nuclear energy requirements to adapt to shifting oceanic conditions.
India's future nuclear fleet may need 5,400 tonnes uranium annually; domestic supply meets about 30%: Parliamentary panel
India’s nuclear expansion could sharply raise uranium demand, with PHWRs alone expected to require around 5,400 tonnes of uranium oxide annually. A Parliamentary Committee flagged that domestic production currently meets only 30% of this requirement and urged faster mining, strategic stockpiles, overseas sourcing and clearer timelines to secure long-term fuel supplies.
Jindal Stainless scouting Maharashtra site for Rs 40,000 crore plant
Jindal Stainless is identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility. The company expects clarity on land acquisition within one or two quarters. This new plant will have a capacity of four million tonnes per annum. It will produce specialized steel grades for emerging critical sectors. The Maharashtra government will expedite necessary approvals and provide fiscal incentives.
Optimized builds satellites to focus on Earth, space traffic
The group has started building satellites after working for more than two decades on space payloads, testing infrastructure, electronic assemblies and harnesses. It has received orders for multiple satellites and expects satellite deliveries to become its largest source of space revenue from next year, overtaking payload fabrication and testing.
Trump administration to back three mineral projects with $58 million in financing
The US Export-Import Bank is lending fifty-eight million dollars to three critical mineral companies. This funding aims to reduce reliance on Chinese supplies and boost domestic mining operations. Westwater Resources will receive twenty-five million dollars for its graphite mine and processing facility. Global Advanced Metals gets twenty-five million dollars for tantalum and niobium processing expansion. An eight million dollar loan goes to 5E Advanced Materials for boron production.
Bihar signs MoUs worth Rs 51,600 crore for investments in steel, nuclear energy
Bihar signed MoUs worth Rs 51,600 crore with industrial groups on Thursday. These agreements span nuclear energy, steel, and textile sectors for growth. Global Renewable Advanced Clean Energy proposed a significant nuclear energy project. The government aims to boost industrial development and create employment opportunities. Preparations for Bihar Business Connect 2026 are also underway.
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