The Hindu : Business : IRE to give thrust to strategic materials programme

Online edition of India's National Newspaper
Saturday, Mar 18, 2006

Business

Business

IRE to give thrust to strategic materials programme

Staff Reporter

KOCHI: Indian Rare Earths Limited will give a thrust to expansion of the strategic materials programme. Chairman and Managing Director of the IRE S. Sivasubramanian, said IRE was planning to play an important role as many countries are looking towards stable alternative energy sources. He was addressing a meeting at the Rare Earths Division during his visit here on Friday.

Mr.Sivasubramaniam said the field of application of rare earths had been widening. Apart from conventional usage in petroleum cracking, glass polishing and metallurgical applications, the material was being used in technologies for fuel cells.

The Chinese domination in the rare earths market had affected the prospects of the Indian rare earths sector.

The situation had changed and the IRE would emerge as a dominant player in national and international markets.

L. N. Maharana, Chief General Manager, Rare Earths Division, Udyogamandal, and representatives of officers' associations and trade unions spoke.

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