Rakteem Katakey / New Delhi July 25, 2008, 0:20 IST

Oil and Natural Gas Corporation (ONGC), the country's largest oil and gas producer, plans to enter uranium mining in alliance with public-sector Uranium Corporation of India, aiming to tap the business opportunity from nuclear fuel shortage in Asia's third largest economy.

ONGC is aligning with Uranium Corporation as the latter is the only entity allowed to undertake uranium mining in India, and has the power to allot mining leases to others like ONGC, said two analysts tracking the nuclear industry.