MoU signed between IDCOL, IREL for Beach Sand Minerals Project

Bhubaneswar, Feb 07: In a significant development, a MoU has been signed between Infrastructure Development Company Limited (IDCOL) and Indian Rare Earths Limited (IREL) in Odisha for a project to explore the mineral from the sea sand and separation of the minerals.

According to experts in sea science, over 100 million tonne sea minerals are available in 470 km-long Odisha cost. With the joint venture by the IDCOL and IREL, an industry will be set up to carry out the Rs 450 crore-project at the sea beaches in the state.

The project, which may create job opportunity for 400 people, will be completed by two years. While IDCOL will have 49% share, 51% share will be held by the IREL in the project.

IREL is a corporation owned by the central government. It carries out research on beach sand minerals, undertakes consultancy projects on mineral separation and flow sheet development.

Utkal University postpones Plus III 4th semester exam

Bhubaneswar: In view of heavy rainfall across the state, the authorities of Utkal University (UU) today postponed the Plus III 4th semester examinatio...

List of trains controlled, cancelled, short terminated due to heavy rainfall in Odisha

Bhubaneswar: In view of heavy rain in coastal area, some of the trains were en-routed for water-logging at Khurda Road Railway station, Bhubaneswar Ra...

Heavy Rain Brings Odisha To Halt; Normal Life Hit In Twin City

Bhubaneswar: Incessant rainfall over the last 24 hours due to the low-pressure over the Bay of Bengal has thrown normal life out of gear in several pa...

Thunderstorm Alert For 19 Districts; Flood Situation Likely In Odisha

Bhubaneswar: The Regional Meteorological Centre Saturday issued heavy rain and thunderstorm alert for 19 districts in Odisha.The thunderstorm alert ha...