NALCO titanium project MoU with IREL

National Aluminium Co. Ltd. (NALCO), one of India's largest producers and exporters of aluminium has entered into a Memorandum of Understanding with Indian Rare Earths Ltd (IREL), a PSU under Department of Atomic Energy, for making value-added products from beach sand minerals, which would subsequently be used for making titanium and allied products.

The MoU was signed by CMDs of NALCO and IREL, in the presence of directors and senior officers of both the companies, at NALCO Corporate Office in Bhubaneswar.

The project is estimated to cost '400 crore and is planned to be set up at Chhatrapur in Ganjam district of Orissa.