Core Energy raises Rs 2 billion to expand nuclear manufacturing

CORE Energy Systems has secured Rs 2 billion in a new funding round led by investors and a group of strategic backers. The funds will support the expansion of the company’s manufacturing facilities and contribute to India’s nuclear energy initiatives, including small modular reactor (SMR) and Bharat Modular Reactor programmes.

This round marks the exit of early institutional investor IDBI Capital Markets & Securities, which had invested through the Maharashtra Defence and Aerospace Venture Fund.

Established in 2000, CORE Energy Systems specialises in engineering, procurement, and construction (EPC) projects across sectors such as nuclear, oil and gas, aerospace, and defence. The company operates in over four countries, with manufacturing focused on nuclear and defence technologies at its Dombivli unit.