The Uranium Corporation of India and the Karnataka government has signed a memorandum of understanding to set up a uranium ore mining and processing plant in Karnataka. UCIL proposed to invest Rs 550 crore in the plant at Gogi, Saidapur, Diggi and Umardoddi villages at Shahapur taluk of Karnataka’s Yadgir district, a release said here on Monday.
The Karnataka government would help UCIL to obtain permissions, registrations, approvals and clearances from the concerned departments as per the existing policies and rules and regulations of the state government, it said. The project was expected to begin in 2013 and provide employment to 361 persons, it said.
The pact was signed in Bangaluru during the Global Investor’s Meet 2012 held recently. Meanwhile, a CBI court extended till July 2 judicial custody of former Karnataka Minister and mining baron G Janardhana Reddy and his personal assistant Mehfooz Ali Khan, arrested in connection with an illegal mining case that allegedly caused a loss of Rs 480 crore to the state exchequer.
CBI court judge B M Angadi extended the judicial custody of Reddy and his personal assistant after the CBI filed an application seeking extension of their custody.
Associated Mining Corporation and Deccan Mining Syndicate owned by Reddy and his wife Aruna Lakshmi have been facing probe over charges of illegal mining.
Former minister and Congress leader V Muniyappa and some others are the other accused in the case.
