IREL-TAMIN to set up rare earth processing plant in Tuticorin with Rs 4,000 crore investment

IREL and TAMIN are planning an integrated mining and processing facility in Tuticorin's Sattankulam and Kudhiraimozhi regions. With an estimated investment of Rs 3,500 to Rs 4,000 crore, the plant will produce Neodymium-Praseodymium (NdPr) oxide to support domestic permanent magnet manufacturing. IREL CMD S.B. Mohanty stated that the facility will create a rare earth corridor, providing critical materials for the EV, aerospace, and defence sectors while reducing import dependency.

Source: Times of India - Chennai