A joint venture company would be formed by the Industrial Development Corporation of Odisha limited (Idcol) and the Indian Rare Earth ltd (IREl) known as IRElIDCOl limited. An agreement for this was signed by the Idcol and the IREl in the presence of Housing and Urban Development, Industries Minister Niranjan Pujari here on Wednesday.
Idcol CMD Prasant Kumar Nayak and IREl CMD Debendra Singh signed the agreement.
It may be mentioned here that the Idcol had signed a MoU with the IREl on February 7, 2015 regarding the formation of the JV company. Among others, Industries Department Principal Secretary Sanjeev Chopra, Union Atomic Energy Department Joint Secretary MA Inbarasu and Idcol Company Secretary Arabinda Acharya were present.