MoU27 Feb 2025, 09:23 pm
Kothari Industrial Corporation Ltd. Signs MoU with Assam Govt for Rare Earth and Critical Minerals Investment
AI Summary
Kothari Industrial Corporation Limited has entered a Memorandum of Understanding (MoU) with the Government of Assam on 26 February 2025. The MoU aims to invest in the minerals and mining value chain, with a strategic focus on rare earth and critical minerals, known as the 'Project'. The proposed investment for the Project is 500 Crores, which will be raised from the market. This investment is subject to market conditions and necessary approvals.
Key Highlights
- Kothari Industrial Corporation Ltd. has signed an MoU with the Government of Assam
- The MoU focuses on investing in the minerals and mining value chain
- The investment will be specifically in rare earth and critical minerals
- The proposed investment is 500 Crores
- The funds will be raised from the market