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Fuel crunch: Govt to set up company to buy uranium assets abroad
Shares of Industrial Finance Corporation of India (IFCI) plunged on Friday after the government exercised the option to convert Rs 923 crore worth of debentures into equity with immediate effect. Atul Kumar Rai, MD and CEO, IFCI, told NDTV Profit that the
25 Aug 2012, 04:07 PM IST 
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.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 informe...
