The Department of Atomic Energy (DAE) of India has discovered a uranium mine in the Tumalapalli area of Andhra Pradesh state.
The mine has close to 49,000t of uranium, which is three times the original estimate of the area's deposits, making it one of the largest uranium mines in the world.
The quantity will be sufficient to support a nuclear power plant of 8,000MW capacity for 40 years, reports the Economic Times.
DAE secretary and chairman of the Atomic Energy Regulatory board Srikumar Banerjee confirmed that production will begin by the end of this year.
The recent discovery at Tumalapalli deposit has boosted the availability of uranium, lowering the country's dependence on foreign supplies.
India has been importing uranium on various terms from countries such as France and Kazakhstan, but does not yet have a long-term supply contract.