About Us* On August 18, 1950, Indian Rare Earths Limited(IREL) was incorporated as a private limited company -jointly owned by the Government of India and Government of Travancore, Cochin with the primary intention of taking up commercial scale processing of monazite sand at its first unit namely Rare Earths Division(RED), Aluva, Kerala for the recovery of thorium.
* After becoming a full fledged Central Government Undertaking in 1963 under the administrative control of Department of Atomic Energy(DAE), IREL took over a number of private companies engaged in mining and separation of beach sand minerals in southern part of the country and established two more Divisions one at Chavara, Kerala and the other at Manavalakurichi(MK), Tamil Nadu.
* After a gap of about 20 years, IREL commissioned its largest Division called Orissa Sand Complex(OSCOM) at Chatrapur, Orissa. Today IREL operates these four units with Corporate Office in Mumbai and produces/sells six heavy minerals namely ilmenite, rutile, zircon, monazite, sillimanite and garnet as well as various value added products. IREL is making profit since 1997-98 with its sales turnover reaching a peak exceeding Rs. 3600 million in 2006-07, with export component of above Rs. 1000 million. |
Aim / Vision / MissionMission/ Vision & Objectives
Mission
1.1 To be one of the leading international players in the areas of mining and separation of beach and minerals.
Objectives
1.2 (i) To become nationally and globally competitive player in beach sand minerals and to achieve annual production of ilmenite with associate minerals of 8 lakh tons by the year 2012.
(ii) To improve productivity, capacity utilization, and cost effectiveness.
(iii) To maximize shareholders' value.
(iv) To align towards strategic activities of interest to DAE and become a substantial supplier of uranium from secondary sources
(v) To strive for optimum value addition by developing technology.
(vi) To evolve and implement eco-friendly policies, programmes and projects within AERB regulations
(vii) To strengthen R & D for achieving the above -mentioned objectives.
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 | Fact Sheet | | | Year of Establishment | : | 1950 | | Nature of Business | : | Supplier, Manufacturer, Other |
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Contact Details| | Company Name:
| Indian Rare Earths Limited | | Contact Person: | Mr. Manager | | Telephone: | +(91)-(22)-24211630 / 24211630 / 24211851
| | Fax No: | +(91)-(22)-24220236 | | Address: | Plot No. 1207, Veer Savakar Marg, Near Siddhi Vinayak Temple, Prabhadevi, Mumbai, Maharashtra - 400 028 (India) |
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