Archive · 7 Aug 2025
CORE Energy Raises ₹200 Crore for Nuclear Expansion
CORE Energy Systems, a company in Mumbai, received ₹200 crore from investors.
This money will help them build more equipment and expand their facilities for nuclear energy projects.
They're also working on making important parts for nuclear plants in India instead of buying them from other countries.
CORE is also fixing up an old nuclear plant to make it last longer.
This investment is a step towards making India more self-sufficient in energy and supporting the goal of producing a lot more nuclear power in the future.
The funding round comes after the exit of their early investor.
CORE Energy Systems raised ₹200 crore in funding to expand infrastructure and manufacturing.
Funding was led by Pankaj Prasoon and Ashish Kacholia, along with strategic investors.
The investment aims to strengthen India's nuclear energy capabilities and self-reliance.
The company is involved in the refurbishment of India's oldest nuclear facility at Tarapur.
IDBI Capital Markets & Securities Ltd. exited as an early institutional investor.
- Who
- CORE Energy Systems Ltd.
- What
- CORE Energy raised ₹200 crore for nuclear energy infrastructure and manufacturing.
- When
- Not explicitly mentioned, but the news is current.
- Where
- Mumbai, India.
- Why
- To expand infrastructure, manufacturing, and R&D capabilities in the nuclear energy sector and contribute to sustainable power security.
- Company
- CORE Energy Systems Ltd.
- Funding Amount
- ₹200 crore
- Lead Investors
- Pankaj Prasoon and Ashish Kacholia
- Purpose of Funding
- Expand infrastructure and manufacturing
- Sector
- Nuclear energy
- Project Involvement
- Tarapur nuclear facility refurbishment
- Early Investor Exit
- IDBI Capital Markets & Securities Ltd.
