Uranium Exploration Australia Ltd (ASX:UXA) has signed an agreement with India's Reliance Industries Ltd (BSE:500325) to explore for uranium in South Australia and the Northern Territory. 

Reliance has agreed to pay Uranium Exploration $A3.45 million ($US3.01 million) for a 49 per cent share in eight exploration licenses. Uranium Exploration said the two groups plan to spend about $19.4 million on an "aggressive" exploration program on the eight tenements over the next three years. 

Reliance is listed on the Bombay Stock Exchange and has interests in oil and gas, petrochemicals and petroleum refining.