Mumbai-based nuclear engineering firm CORE Energy Systems recently pulled in a funding round worth approximately $23 million, according to reporting by KNN India. As an engineering, procurement and construction and advanced manufacturing firm, CORE works to provide critical nuclear, defence, aerospace, oil and gas and clean energy solutions.
Investors Pankaj Prasoon and Ashish Kacholia led the ₹200 crore funding round that will enable CORE to expand its infrastructure and manufacturing capabilities, the article mentioned. The firm will enhance its precision nuclear engineering expertise as it builds out high-tech nuclear components.
Additionally, as nuclear energy expansion plans are implemented nationwide, this funding round will help deliver large-scale nuclear projects, namely the Small Modular Reactor and Bharat Modular Reactor programs. These projects are key components of the Indian government’s initiative for nuclear self-reliance and energy security.
