JUST ANNOUNCED, AUGUST 26, 2026
IAEA launches ATLAS: a global framework for nuclear power at sea.
The IAEA, alongside 25 member states including India, the US, UK, Japan, and South Korea, launched the Atomic Technologies Licensed for Applications at Sea (ATLAS) initiative in Washington, D.C., a new global framework to enable small modular reactors for civilian ship propulsion and floating nuclear power plants serving offshore and remote coastal communities.
In India's national statement at the launch, the Department of Atomic Energy confirmed that at least five indigenous Bharat Small Modular Reactors (BSMRs) are targeted for deployment by 2033, with smaller capacity units specifically designed as barge mounted floating nuclear power plants. This is the exact reactor class Daratha Atomics is building.
SOURCE: IAEA ATLAS MINISTERIAL LAUNCH & INDIA NATIONAL STATEMENT, AUG 26–27, 2026
DA
The Daratha edge: our CTO, Rajat Pandey, contributed to India's INS Arihant, a submarine based SMR that has been fielded and operating at sea for years. Very few reactor teams anywhere have hands on experience putting a small reactor inside a marine hull, which is exactly the engineering problem ATLAS is now asking the industry to solve.
India's nuclear sector opened to private capital for the first time since independence, and the country's largest industrial groups are already investing.
SHANTI ACT, 2025
Private Participation Enabled
Passed by Parliament in December 2025, opening nuclear power generation to private and foreign capital for the first time.
GOVERNMENT COMMITMENT
$2.1B Nuclear Mission Fund
Allocated to develop indigenous small modular reactors as part of India's Nuclear Energy Mission.
INDUSTRY MOVEMENT
India's Largest Groups Investing
Tata, Reliance, Adani, and the Aditya Birla Group have all announced or proposed nuclear investment plans.
