Kazakhstan inks new deals to supply Uranium to Indian cos

New Delhi: Kazakhstan, the world's largest producer of uranium, has signed new contracts to supply natural uranium to major energy companies in India in 2026, as the country seeks to expand its international partnerships and diversify its uranium export markets.

This was disclosed recently by Kazatomprom CEO Meirzhan Yusupov during a meeting with Kazakhstan President Kassym-Jomart Tokayev. The supplies will be crucial to India's expansion plans in the nuclear energy sector.

India and Kazakhstan have been in talks for a uranium supply deal since the previous contract expired a few years ago. Negotiations gained momentum last year and continued earlier this year. The two countries are also exploring cooperation in critical minerals, which are available in abundance in Kazakhstan.