Finance Minister Nirmala Sitharaman, in her July Union budget announced that the Centre would partner with the private sector to establish Bharat Small Reactors and for research and development of SMRs.

Kudankulam NPP will comprise six units with VVER-1000 reactors. Work began following an intergovernmental agreement between India and Russia signed in 1988.

According to Russian customs data, the Russia-India bilateral trade volume hit a record US$23.1 billion in the first four months of the current year, marking a 10% rise versus the same period in 2023.

Сопредседатели МПК подробно обсудили совместные шаги по развитию сотрудничества в сферах транспорта и логистики, энергетики, сельского хозяйства, рассмотрели ход реализации проектов в области туризма и перспективы углубления интеграционных процессов в Евразийском экономическом союзе.

БРИКС сегодня объединяет десять стран: Бразилию, Россию, Индию, Китай, ЮАР, а также Египет, Эфиопию, Иран, Саудовскую Аравию и ОАЭ. В "Большую семерку" входят США, Япония, Германия, Франция, Великобритания, Канада и Италия.

The agenda includes a logistics supply agreement to bolster cooperation between the two militaries, restarting discussions on the joint development of a fifth generation fighter aircraft, and collaboration on nuclear power, the people said.

That boosted Russia's share in the world's third largest importer and consumer to nearly 41% last month, the data showed.

The world’s most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years, said people familiar with the matter, asking not to be named as the information isn’t yet public.

At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached nearly 52 GW.

Около 80% энергетических ресурсов перенаправлено на дружественные рынки, в основном в Азиатско-Тихоокеанский регион, Африку, страны Латинской Америки.

India, the world's third biggest oil importer and consumer, emerged as the biggest buyer of Russian sea-borne oil, snapping up barrels sold at a discount as Western companies halted purchases after Moscow's invasion of Ukraine in 2022.

Rosatom Director General Alexei Likhachev said: "Rosatom has confirmed its undisputed global leadership in nuclear energy by signing the first-ever export contract for the construction of a small nuclear power plant. This is not just a preliminary agreement; we are starting construction this summer."

Gazprom, which holds about 16% of global gas reserves and employs 492,200 people, was once one of Russia's most powerful corporate empires - so powerful it was known as "a state within the state".

The Indian government, earlier in 2024, issued an order applicable between May 1 and June 30 to increase power generation from gas-based power plants in anticipation of a power crunch this summer season.

Total Russian seaborne crude exports reached 3.9 million-4 million b/d in March and April, boosted by multi-month high shipments to India, and around the highest since Russia invaded Ukraine in February 2022.