India’s $4 Billion Uranium Coup with Kazakhstan
India has secured a landmark uranium supply agreement worth more than US$4 billion with Kazakhstan’s state-run mining giant Kazatomprom. The pact strengthens New Delhi’s long-term nuclear fuel security and is already sending ripples through global uranium markets.
The deal provides long-term supplies of natural uranium concentrates (U3O8) to India’s Directorate of Purchase and Stores under the Department of Atomic Energy. It creates a multi-year fuel assurance mechanism for India’s expanding reactor fleet.
More than a commercial transaction, the pact carries clear geopolitical weight. The deal crossed half the company’s asset base, forcing an extraordinary general meeting. It won backing from 92.9 percent of Kazatomprom shareholders, highlighting its strategic significance.
Read more at: https://tfipost.com/2026/04/indias-4-billion-uranium-coup-with-kazakhstan-rewrites-the-global-nuclear-balance/
- 5 May 2026
- WerIndia
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