+
Panel Urges Budget Push For IREL To Secure Rare Earths
ECONOMY & POLICY

Panel Urges Budget Push For IREL To Secure Rare Earths

Amid rising global demand for rare earth elements, a parliamentary panel has urged the government to strengthen IREL (India) with targeted budgetary support to prioritise the exploration and mining of these critical minerals. IREL, a central public sector enterprise under the Department of Atomic Energy, is currently the only company in India engaged in mining rare earth ores and refining them into rare earth oxides.

The Standing Committee on Coal, Mines and Steel, in its latest report, called on the government to formulate strategies to improve domestic availability through identification, exploration and assessment of economic viability, with the objective of reducing India’s heavy dependence on imports. Rare earth minerals, which are difficult and costly to extract due to their low concentration in nature, are vital for clean energy technologies such as wind turbines, electric motors, hybrid vehicle batteries and solar power systems, as well as for defence applications.

Under the Mines and Minerals framework, rare earth minerals that do not contain uranium and thorium are classified as critical and strategic minerals, while those containing uranium and thorium are designated as atomic minerals and regulated by the Department of Atomic Energy. The committee said the government should consider reinforcing institutions such as IREL through focused budgetary allocations to accelerate exploration and mining of rare earth elements.

The panel also suggested that the Ministry of Mines explore international collaborations to facilitate the transfer of technological know-how and mineral processing capabilities in the rare earth sector. It noted that the Geological Survey of India has stepped up exploration efforts, having undertaken 186 rare earth exploration projects over the past three years, with 94 projects currently underway across the country in the ongoing financial year.

IREL has a mineral processing capacity of about 0.6 million tonnes per annum and produces key minerals including ilmenite, rutile, zircon, sillimanite and garnet. The company operates a rare earth extraction plant at Chatrapur in Odisha and a refining unit at Aluva in Kerala. It is also focused on expanding production capacity, supporting downstream value chain industries and advancing research and development through its facility in Kollam, Kerala.

Amid rising global demand for rare earth elements, a parliamentary panel has urged the government to strengthen IREL (India) with targeted budgetary support to prioritise the exploration and mining of these critical minerals. IREL, a central public sector enterprise under the Department of Atomic Energy, is currently the only company in India engaged in mining rare earth ores and refining them into rare earth oxides. The Standing Committee on Coal, Mines and Steel, in its latest report, called on the government to formulate strategies to improve domestic availability through identification, exploration and assessment of economic viability, with the objective of reducing India’s heavy dependence on imports. Rare earth minerals, which are difficult and costly to extract due to their low concentration in nature, are vital for clean energy technologies such as wind turbines, electric motors, hybrid vehicle batteries and solar power systems, as well as for defence applications. Under the Mines and Minerals framework, rare earth minerals that do not contain uranium and thorium are classified as critical and strategic minerals, while those containing uranium and thorium are designated as atomic minerals and regulated by the Department of Atomic Energy. The committee said the government should consider reinforcing institutions such as IREL through focused budgetary allocations to accelerate exploration and mining of rare earth elements. The panel also suggested that the Ministry of Mines explore international collaborations to facilitate the transfer of technological know-how and mineral processing capabilities in the rare earth sector. It noted that the Geological Survey of India has stepped up exploration efforts, having undertaken 186 rare earth exploration projects over the past three years, with 94 projects currently underway across the country in the ongoing financial year. IREL has a mineral processing capacity of about 0.6 million tonnes per annum and produces key minerals including ilmenite, rutile, zircon, sillimanite and garnet. The company operates a rare earth extraction plant at Chatrapur in Odisha and a refining unit at Aluva in Kerala. It is also focused on expanding production capacity, supporting downstream value chain industries and advancing research and development through its facility in Kollam, Kerala.

Next Story
Infrastructure Urban

Modi Meets Finnish Prime Minister On Margins Of AI Summit

Prime Minister Shri Narendra Modi met with His Excellency Mr Petteri Orpo, Prime Minister of the Republic of Finland (the Finnish Prime Minister), in New Delhi on 18 February 2026 on the margins of the artificial intelligence (AI) Impact Summit. The meeting brought together leaders to discuss bilateral cooperation across technology and sustainability. The two leaders reviewed recent developments in India-European Union relations and bilateral ties. Both leaders welcomed the recent conclusion of the India-European Union Free Trade Agreement (India-EU FTA) at the 16th India-European Union Summit..

Next Story
Infrastructure Urban

Prime Minister to Inaugurate India AI Impact Summit 2026

Prime Minister Narendra Modi will inaugurate the India AI Impact Summit 2026 on 19 February at Bharat Mandapam in New Delhi, having welcomed participating world leaders at the venue on the evening of 18 February and scheduled bilateral meetings on the sidelines. The opening ceremony is scheduled for around 9:40 am and will feature addresses from the President of France, the Secretary-General of the United Nations and senior industry leaders. The programme aims to set the tone for national and international collaboration on artificial intelligence. At around 11 am the Prime Minister will visit ..

Next Story
Infrastructure Urban

India And Germany Reaffirm Telecom And Digital Cooperation

India and Germany reaffirmed cooperation in telecommunications and digital transformation after a bilateral meeting on 18 February 2026 at Sanchar Bhawan in New Delhi between the Union Minister of Communications and Development of the North Eastern Region and the German Federal Minister for Digital Transformation and Government Modernization. The meeting followed the signing of a Joint Declaration of Intent on 10 January 2026 during the India?Germany Summit and was presented as a non?binding framework for structured collaboration. The Indian minister outlined India’s digital transformation, ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App