The Nalco on Monday signed a Memorandum of Understanding (MoU) with the Indian Rare Earths ltd (IREl), a Central PSU under the Department of Atomic Energy, for jointly establishing a titanium slag plant of 1 lakh tonne capacity at Chhatrapur in Odisha.
Nalco CMD Ansuman Das and IREl CMD Dr RN Patra signed the MoU in Mumbai in the presence of senior officials of both the companies.Feasibility study and technology selection would be carried out for the joint venture project very soon. The project envisages value addition to ilmenite to produce titanium slag which is an intermediate product for making titanium sponge and titanium pigments.