IREL and Kazakhstan's UKTMP agree to form IREUK Titanium JV for Ti slag in India
On 5 November 2024, IREL (India) Limited and Kazakhstan's Ust-Kamenogorsk Titanium and Magnesium Plant JSC signed an agreement to set up IREUK Titanium Limited, an Indo-Kazakh joint venture to produce titanium slag in India.
Summary
On 5 November 2024, IREL (India) Limited, a CPSU under the Department of Atomic Energy, and Ust-Kamenogorsk Titanium and Magnesium Plant JSC (UKTMP JSC) of Kazakhstan signed an agreement to establish an Indo-Kazakh joint venture company, IREUK Titanium Limited, for production of titanium (Ti) slag in India. The JV will beneficiate low-grade ilmenite into high-grade titanium feedstock and generate employment in Odisha, where IREL produces surplus ilmenite. It was signed by IREL CMD Deependra Singh and UKTMP President Assem Mamutova.
Key facts
- Date
- 5 Nov 2024
- Parties
- IREL (India) Ltd (DAE CPSU); UKTMP JSC, Kazakhstan
- JV
- IREUK Titanium Limited
- Product
- Titanium slag from low-grade ilmenite
- State
- Odisha (employment; IREL's surplus ilmenite)
Practice MCQs 3 questions
What is the name of the Indo-Kazakh joint venture agreed by IREL and UKTMP JSC on 5 November 2024?
Show answer
Correct answer: A — IREUK Titanium Limited
PIB (DAE): IREL and UKTMP JSC signed an agreement to establish the JV IREUK Titanium Limited for production of Ti slag in India.
UKTMP JSC, IREL's partner in the joint venture signed in November 2024, is from which country?
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Correct answer: D — Kazakhstan
PIB (DAE): Ust-Kamenogorsk Titanium and Magnesium Plant JSC is from Kazakhstan.
The IREL–UKTMP joint venture (November 2024) will produce which product in India?
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Correct answer: B — Titanium slag
PIB (DAE): the JV is for production of Ti slag, beneficiating low-grade ilmenite into high-grade titanium feedstock.