Mumbai – CORE Energy Systems, a Mumbai-headquartered engineering company specializing in the nuclear sector, has secured ₹200 crore in a significant funding round led by prominent investors Pankaj Prasoon and Ashish Kacholia, along with a group of strategic backers.
According to the company’s official statement, the capital raise marks one of the largest investments in a nuclear-focused enterprise in India, signaling a growing investor appetite in the sector amid the country’s clean energy push and strategic defence ambitions.
“The nuclear industry demands an unwavering commitment to safety, quality, and precision. This funding empowers us to contribute meaningfully to India’s civil nuclear ambitions,” said Nagesh Basarkar, Managing Director of CORE Energy Systems.
Focus on Expansion and Indigenous Nuclear Capabilities
The fresh capital will be used to expand infrastructure, enhance manufacturing capabilities, and bolster the company’s capacity to undertake large-scale nuclear projects. The move is aligned with India’s long-term nuclear energy roadmap, which emphasizes both self-reliance and sustainability.
The company plans to channel the investment toward:
Precision nuclear engineering
Advanced manufacturing of critical components
Support for Small Modular Reactor (SMR) and Bharat Modular Reactor (BMR) programmes
“These efforts are critical to enhancing India’s nuclear self-sufficiency and ensuring long-term energy security,” the statement noted.
India’s Nuclear Energy Goals
India currently operates 25 nuclear reactors generating approximately 8.88 GW of power, with eight additional reactors under construction. The central government aims to reach 100 GW of nuclear capacity by 2047, a cornerstone of the Viksit Bharat 2047 vision and the national Net Zero emissions target.
The funding in CORE Energy Systems is expected to make a significant contribution to achieving this vision by fostering innovation and capacity-building within India’s civil and defense nuclear ecosystem.