Naveen Jindal Group Enters Nuclear Energy Sector; Establishes New Company

The Naveen Jindal Group has recently announced its entry into the nuclear energy sector with the establishment of Jindal Nuclear Power Private Limited. This new company is a wholly owned subsidiary of Jindal Renewables and aims to build 18 gigawatts (GW) of nuclear power capacity over the next two decades.

The company plans to invest $21 billion to build 18 gigawatts (GW) of nuclear power capacity over the next two decades.

Jindal Nuclear will leverage advanced technologies such as Bharat Small Reactors (BSRs), Small Modular Reactors (SMRs), and Gen-IV Reactors to ensure safety, efficiency, and sustainability. The new company will be a wholly-owned subsidiary of Jindal Renewables, and will build, own, and operate state-of-the-art nuclear power plants, leveraging advanced technologies to ensure world-class safety, operating efficiency, and environmental sustainability.

This initiative aligns with the Government of India's Union Budget 2025 announcement, which targets 100 GW of nuclear power capacity by 2047.

The project aims to support sustainable economic growth with low-emission industrialization and significantly reduce the nation's CO2 footprint.

Jindal Nuclear is the first private sector company to express interest in investing in nuclear power in India, following the government's recent decision to open the nuclear energy sector to private investment.

This ambitious plan reflects Jindal Nuclear's commitment to supporting India's transition to a low-carbon economy and providing reliable, CO2-free energy.

Jindal Nuclear plans to leverage advanced technologies, including Bharat Small Reactors (BSRs), Small Modular Reactors (SMRs), and Gen-IV Reactors, to ensure world-class safety, operating efficiency, and environmental sustainability.

Several private companies in India have shown interest in the nuclear energy sector following the government's decision to open it up to private investment.

Reliance Industries is engaged in discussions with the government for potential investments in nuclear energy projects. Tata Power is also another major player exploring opportunities in the nuclear energy sector.

Adani is also in talks with the government for investments in nuclear power generation. Vedanta Ltd is also considering investments in the nuclear energy sector.

Megha Engineering & Infrastructures is involved in nuclear projects, primarily through engineering, procurement, and construction (EPC) contractsm

These companies are expected to contribute significantly to India's ambitious targets for nuclear power capacity and renewable energy adoption.