CORE Energy Systems Raises ₹200 Crore to Boost Nuclear and Defence Sectors.

Mumbai-based CORE Energy Systems Ltd. has successfully raised ₹200 crore in new funding to bolster India’s manufacturing capabilities in the nuclear and defence sectors. The investment round was spearheaded by notable investors Pankaj Prasoon and Ashish Kacholia, along with strategic investors who are aligned with the nation's key priorities.

The 25-year-old engineering firm plans to use the capital to expand its infrastructure, manufacturing facilities, and research and development capabilities. This funding will be crucial in accelerating CORE's involvement in India’s Small Modular Reactor (SMR) and Bharat Modular Reactor (BMR) programs, which are vital for achieving nuclear self-reliance under the Atmanirbhar Bharat initiative.

This significant investment arrives as India sets its sights on an ambitious goal of reaching 100 GW of nuclear power capacity by 2047, a major increase from the current 8.88 GW generated by 25 operational reactors. Nuclear energy is seen as a critical element for meeting the escalating power demands from AI-driven data centers and for achieving India's Net Zero emissions targets.