RVNL is exploring Small Modular Reactors (SMRs) as a new business opportunity along with other green energy sources, following the trend towards sustainable energy worldwide.
MP Singh, Director (Operations) at RVNL, mentioned that they are evaluating SMR technologies and considering the creation of infrastructure through special purpose vehicles (SPVs) for projects like Bharatnet, Vande Bharat, and Port connectivity.
India is actively developing and deploying SMRs as part of its energy transition strategy, aiming to have at least five indigenously developed SMRs operationalized by 2033.
RVNL is diversifying into the energy sector from its infrastructure focus and is already involved in related sectors like transmission lines, solar projects, and the Revamped Distribution Sector Scheme (RDSS) in India and other countries such as Uzbekistan and Saudi Arabia.