CORE Energy Systems Ltd, a Mumbai-headquartered engineering company with more than 25 years of expertise in India’s nuclear domain, has raised ₹200 crore in a fresh funding round. The investment was led by noted investors Pankaj Prasoon and Ashish Kacholia, along with a group of strategic partners committed to India’s long-term development in nuclear energy and defence manufacturing.
This significant capital raise marks one of the largest investments in India’s nuclear manufacturing sector to date, reflecting growing momentum and confidence in the country’s atomic energy capabilities. The newly raised funds will support the expansion of CORE’s infrastructure, manufacturing facilities, and RCD (Research, Commercialisation & Development) initiatives.
This will enable the company to take on large-scale nuclear projects, enhance production of high-precision components, and contribute to India’s flagship programs like the Small Modular Reactor (SMR) and Bharat Modular Reactor (BMR). These efforts are key to strengthening India’s energy independence under the Atmanirbhar Bharat mission.
With 25 nuclear reactors currently operational and eight more in progress, India’s goal of achieving 100 GW nuclear power capacity by 2047 is central to its Viksit Bharat vision and Net Zero targets. Stable, emission-free nuclear energy is becoming vital for powering high-demand infrastructure such as data centres and ensuring energy security in an AI-driven economy.
This funding round also marks the successful exit of IDBI Capital Markets & Securities Ltd. (ICMS), an early investor that backed CORE through the Maharashtra Defence and Aerospace Venture Fund (MDAVF). The fund, established by the Maharashtra government, was designed to promote innovation in India’s defence and aerospace sectors.
Amey Belorkar, Senior Vice President at ICMS, remarked, “CORE’s journey reflects the impact of targeted capital in building strategic capabilities. Their leadership in nuclear and defence technologies aligns perfectly with the objectives of MDAVF.”
CORE is close to completing a major milestone project—revamping the Tarapur nuclear facility, India’s oldest, operational since 1969. This project, unmatched globally, aims to extend the plant’s operational life and positions India at the forefront of nuclear plant life-extension technologies.
As one of the select Indian firms certified with ISO 19443—a globally recognised nuclear quality and safety benchmark—CORE offers end-to-end capabilities in manufacturing, EPC (Engineering, Procurement & Construction), and OCM (Operations & Maintenance). Bondada Group is a leading infrastructure company offering comprehensive EPC and O&M services across key sectors such as telecom, renewable energy, Indian Railways, sustainable construction, and manufacturing.
Established in 2012, the company has grown significantly—from a modest revenue of ₹7 crore to a ₹1,571 crore enterprise with a strong national footprint. Its journey has been powered by innovation, execution efficiency, and a strong commitment to contributing to India’s development.
The Group has played a vital role in expanding telecom connectivity by deploying thousands of towers and advancing rural electrification through solar infrastructure projects. Bondada’s initiatives are aligned with the “Make in India” mission, focusing on building smart, sustainable, and future-oriented infrastructure that supports inclusive growth and energy transition.
Backed by a skilled workforce, in-house manufacturing strengths, and sectoral expertise, Bondada Group is known for delivering high-quality projects with speed and safety. Anchored in its philosophy of ‘Nation Building’ and guided by the principle of ‘Live Excellence,’ the company continues to transform India’s infrastructure landscape with integrity, collaboration, and forward-thinking leadership.
