New Delhi: The tenure of Deependra Singh, the Chairman and Managing Director (CMD) of IREL (India) Limited, has been extended till November 30, 2024. Singh had first assumed the charge of Chairman and Managing Director, IREL in December 2015. Since then, the company has registered a three-fold increase in sales turnover and attained its highest ever turnover of about Rs 1,100 crore during the year 2019-20. During his first term, IREL has undertaken its ambitious projects of Rare Earths and Titanium Theme Park (Bhopal), Rare Earths Permanent Magnet (Vizag), IREL IDCOL project and capacity expansion of Minerals Separation Plant in Odisha.
Deependra Singh has earlier worked as Director (Marketing), IREL (India) Limited and has a long career in the PSU environment. His second term will start from December 01, 2020, and extend till November 30, 2024, which is the date of his superannuation.
IREL (India) Limited, formerly Indian Rare Earths Limited, is a Miniratna Category-1 CPSE under the administrative control of the Department of Atomic Energy. The company was incorporated on August 18, 1950, with its first unit Rare Earths Division (RED), Aluva, in Kerala. It became a full-fledged PSU under the administrative control of the Department of Atomic Energy (DAE) in the year 1963 and took over companies engaged in mining and separation of beach sand minerals in the southern part of the country, by establishing two more Divisions one at Chavara, Kerala and the other at Manavalakurichi (MK), Tamilnadu.
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