TestCloud
Prep • Practice • Perform
Log In

IREL and UKTMP to Establish Joint Venture for Titanium Slag Production in Odisha.

National | Dated: 20 Nov 2024

Mumbai (Maharashtra) based IREL (India) Limited (previously known as Indian Rare Earths Limited), and Kazakhstan based Ust-Kamenogorsk Titanium and Magnesium Plant JSC (UKTMP) signed a Joint Venture (JV) to establish IREUK Titanium Limited for production of titanium slag (Ti Slag) in Odisha.

🎯 Key Highlights:

  • - The agreement was signed by Dr. Deependra Singh, Chairman and Managing Director (CMD), IREL (India) Limited and Assem Mamutova, President UKTMP JSC in the presence of Dr. A.K. Mohanty, Secretary of the Department of Atomic Energy (DAE) & Chairman, Atomic Energy Commission (AEC) and Nurlan Zhalgasbayev (Ambassador of Kazakhstan).

💡 Other Important Facts:

  • (i) This partnership aims to strengthen India's titanium value chain by converting low-grade ilmenite (Titanium oxide) into high-grade feedstock, also generating local employment opportunities.
  • (ii) UKTMP JSC will provide the technology of producing Ti Slag and will take the agreed quantities for an input in their Ti sponge plant.
  • (iii) IREL (India) Limited is a Public Sector Undertaking (PSU) under the DAE. It was incorporated on August 18, 1950, with its first unit Rare Earths Division (RED) in Aluva (Kerala).

📚 Test Your Knowledge:

Recently, IREL partnered with which company to announce a joint venture for titanium slag production in Odisha?

Correct Answer: UKTMP

🚀 Quick Recap: