Promonique
Promonique
Rayzon
Rayzon
EPR Subscription Banner
EPR Subscription Banner
Home » Atomic Energy » IREL and UKTMP JSC signs pact for joint venture

IREL and UKTMP JSC signs pact for joint venture

By November 22, 2024 6:59 pm IST

IREL and UKTMP JSC signs pact for joint venture
.

This JV by the name IREUK Titanium Limited is for production of Titanium Slag in India.

IREL (India) Limited, (IREL) CPSU under the Department of Atomic Energy (DAE), Govt. of India and Ust-Kamenogorsk Titanium and Magnesium Plant JSC, (UKTMP JSC) Kazakhstan have signed an agreement to establish Indo-Kazakh joint venture company (JVC): IREUK Titanium Limited for production of Ti Slag in India. The Agreement was signed by Deependra Singh, Chairman and Managing Director, IREL (India) Limited and Assem Mamutova, President UKTMP JSC in the august presence of A.K. Mohanty, Secretary DAE & Chairman, Atomic Energy Commission (AEC) from Indian side and  Iran Sharkhan, Vice Minister of Industry & Construction of the Republic of Kazakhstan,  Yermek Kosherbayev, Akim of East Kazakhstan region of the Republic of Kazakhstan and Nurlan Zhalgasbayev, Ambassador of the Republic of Kazakhstan to India from Republic of Kazakhstan. 

The JVC will act as a catalyst in developing Titanium value chain within India as it shall beneficiate low grade Ilmenite into high grade Titanium Feedstock and also result in employment generation opportunity in the State of Odisha.  The offtake arrangement by UKTMP JSC shall be instrumental in bringing valuable forex for the country and aid UKTMP JSC in raw material security.  Thus, JVC between IREL & UKTMP JSC shall enhance the brand equity of both the companies as well as act as growth engine for India and Kazakhstan in the titanium value chain.

Advertising

EPR Android App Banner

IREL generates surplus Ilmenite in the course of its operation at Odisha and has reputation for supply of quality minerals and rare earth compounds world over.  UKTMP JSC, Kazakhstan is one of the world’s largest vertically integrated titanium producers, from raw material extraction to high value-added products that includes titanium sponge and ingots. The products of UKTMP JSC are certified by all world manufacturers of the aerospace industry viz. Boeing & Airbus. 100% of titanium products are exported to highly developed countries.

The joint venture company envisages to synergize the strength of the respective companies by establishing plant in titanium value chain for producing Titanium Slag by utilising IREL’s Ilmenite from Odisha. UKTMP JSC shall provide the technology of producing Ti Slag and shall off take the agreed quantities for input to their Ti sponge plant.

Speaking on the occasion,  A.K Mohanty, Secretary, DAE lauded the efforts of IREL (India) limited and mentioned that the new joint venture Indo-Kazakh joint venture company (JVC): IREUK Titanium Limited that is being established in the platinum jubilee year of DAE, will pave the way for Atmanirbharata in the field of Titanium slag production in the country.

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Android App
Android App

Events

RenewX
RenewX
Wiretech 2025
Wiretech 2025
Power Gen
Power Gen
India Green Energy Expo
India Green Energy Expo

Our Sponsors

Our Sponsors

Wika
Wika
Ramelex
Ramelex
Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Akansha
Akansha
Andritz Hydro Pvt Ltd
Andritz Hydro Pvt Ltd
Vyoma Switchgear
Vyoma Switchgear
Skipper Limited
Skipper Limited
Joint Well
Joint Well
Kp Group
Kp Group
Credence Solar
Credence Solar
Grew Solar
Grew Solar
Nirmal
Nirmal
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Novasys
Novasys
HPL Electric Power
HPL Electric Power
Sun Bond
Sun Bond
Supremesolar
Supremesolar
Vsole Solar
Vsole Solar
Elev8 Lift
Elev8 Lift
Power trac Group
Power trac Group
Omicron
Omicron
Ganz Electric
Ganz Electric
Eplan
Eplan
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Eaton
Eaton
A-1 ELECTRICALS
A-1 ELECTRICALS
Ashone Technologies
Ashone Technologies
MENNEKES Electric India
MENNEKES Electric India
PRAMA HIKVISION INDIA
PRAMA HIKVISION INDIA
Motwane Manufacturing
Motwane Manufacturing
Sun Cables
Sun Cables