TVEL corporation signed a contract to supply fuel pellets for India's nuclear reactors. The total cost of contracts is reported to be "more than $700 million". Earlier it was reported that a Rosatom representative estimated the cost of the contract to be $780 million.

The pellets will be used to manufacture fuel for the two boiling water reactor at the Tarapur plant. The supplies will last "for several years". On the Indian side, Nuclear Power Corporation of India Ltd (NPCIL) will be the recipient of pellets. TVEL will deliver 2000 tonnes of pellets [see update below].

At this point it is not clear where the uranium will come from and who will be providing enrichment services (although it would be natural if that is TVEL as well).

UPDATE 02/13/09: According to a World Nuclear News report, 2,000 tonnes are natural uranium pellets for India's pressurized heavy water reactor. In a separate contract, Russia will supply "about 60 tonnes of low enriched uranium pellets for India's boiling water reactor (BWR) units at the Tarapur nuclear power plant".