Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
In what is considered a major milestone in the Indian nuclear program, the Uranium Corporation of India Ltd (UCIL) commissioned last week a new uranium mine, which may host one of the most significant reserves of the yellow material in the world, reports The Hindu Business Line.
The project, which includes processing plant at Tummalapalle in Kadapa district of Andhra Pradesh, could fuel 25% of the country’s nuclear plants.
With this mine India’s nuclear power generation in the country will reach 60,000 megawatts by the year 2050.
The newly commissioned plant has a capacity of mining and processing 3000 tonnes of uranium a day.
Last year, India started getting imported uranium to fuel its nuclear power plants and this project could be a significant step in its quest for energy security, said Atomic Energy Commission chairman Srikumar Banerjee.
