Uranium Corporation of India (UCIL) has signed an MoU with the Karnataka Government to set up a uranium ore mining and processing plant in Karnataka.
The MoU was signed during the recently concluded Global Investor’s Meet 2012. UCIL will invest Rs 550 crore in the plant at Gogi, Saidapur, Diggi and Umardoddi villages at Shahapur taluk in Yadgir district of Karnataka. The state government will help to obtain permissions, registrations, approvals and clearances from the concerned departments as per the existing policies and rules and regulations.