December 04, 2008

UCIL to set up a uranium processing plant in AP

It s reported that Uranium Corporation of India Limited plans to set up a uranium plant in Andhra Pradesh at a cost of INR 1,106 crore.

With a capacity to process 3,000 tonnes of ore daily, the plant will be the third in India and the first in Andhra Pradesh besides 2 others mills with a total capacity of 5,090 tonnes per day operate in Jharkhand.

It is noted that UCIL has acquired 1,122 acres of government land and 1,118 acres of private land for the project. It has paid INR 50,000 per acre for government land as compensation and INR 180,000 per acre for private wet land and INR 120,000 for private dry land.

UCIL had earlier announced that it would invest around INR 3,100 crore to open new mines and set up processing plants in Jharkhand, Andhra Pradesh and Meghalaya. It is also exploring uranium deposits in Chattisgarh, Rajasthan and Karnataka. India has an estimated 78,000 tonnes of uranium.