Mumbai: IREL (India) Limited, a CPSE under Department of Atomic Energy, the largest producer of Ilmenite in India and Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMP JSC) Kazakhstan, one of the big producers of Titanium Sponge and Metal signed a Memorandum of Undertaking (MoU), for production of Titanium Slag in India, thereby initiating a collaborative partnership in the value chain of Titanium. With this development, IREL and UKTMP JSC have agreed to work towards creation of joint venture for titanium slag production plant in Odisha, India.
The MoU was signed on October 14, 2020 virtually through video conferencing by Mr. D. Singh, Chairman and Managing Director of IREL and Ms. A.T. Mamutova, President of UKTMP JSC, owing to the present situation, Mr. A. R. Sule, J.S.(I&M) DAE, Mr. Prabhat Kumar (Ambassador of the Republic of India in Republic of Kazakhstan), Mr. A. Erzhanov (Vice-Minister of the Ministry of Industry and Infrastructural Development of Republic of Kazakhstan), Mr. E. Alimbayev (Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of India), Mr. S. Gehler (The Chairman of the Board of Directors of UKTMP JSC) as well as other dignitaries were connected through video conferencing on this occasion to witness the event.
This MoU is another feather in the cap of IREL which will broaden its products and customer profile. Production of Titanium Slag will pave way for production of Titanium Sponge which is essential to meet strategic needs of the country in atomic energy, defense and space.
Posted Date : 20-11-20
Categories : MOU