(a) whether the Govt. proposes to expand and modernise the Indian Rare Earth Limited (I.R.E.L.), Manavalakurichi;
(b) if so, the amount likely to be incurred in the process; and
(c) the profit earned by it during the year 2004-2005 and the current fiscal year till date?
THE MINISTER OF STATE IN THE PRIME MINISTER`S OFFICE (SHRI PRITHVIRAJ CHAVAN)
(a) Yes Sir.
(b) The estimated cost of expansion is about Rs.60.00 crore.
(c) The profit before tax of the Indian Rare Earths Limited Manavalakurichi for the year ended 2004-05 was Rs.31.41 crore. The budgeted profit before tax for the current fiscal year is Rs.31.38 crore.