IREL, Kazakhstan’s UKTMP to set up joint venture titanium slag unit in Odisha

05 Nov 2024

IREL, Kazakhstan’s UKTMP to set up joint venture titanium slag unit in Odisha
1

IREL (India) Ltd, formerly Indian Rare Earths Limited, has entered into an agreement with Ust-Kamenogorsk Titanium and Magnesium Plant JSC, (UKTMP) of Kazakhstan to set up a joint venture in India for production of Titanium slag.

The joint venture, IREUK Titanium Limited, will undertake beneficiation of low grade ilmenite to high grade titanium feedstock with the aim of creating a titanium value chain in the country.

The joint venture, to be set up in Odisha, will also create employment opportunities in the state.

It will also enhance the brand value of both IREL and UKTMP, while acting as a growth engine for India and Kazakhstan in the titanium value chain.

UKTMP will provide the technology for the production of Ti Slag and utilise an agreed quantity as input at its Ti sponge plant.

IREL has a surplus of Ilmenite at its Odisha operations.

UKTMP is one of the world's largest vertically integrated titanium producers, with operations in raw material extraction to production of high value-added products such as titanium sponge and ingots. 

UKTMP exports 100 per cent of its titanium products to highly developed countries. The company supplies quality products that are certified by major global aerospace companies, including Boeing and Airbus. 

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers