Midwest Limited selected as lead consortium partner by Kerala Minerals and Metals Ltd for strategic rare earth elements pilot project.
Project involves setting up pilot plant to process monazite tailings into rare earth compounds with 6-month commissioning timeline.
Company to make 100% capital investment and gains Right of First Refusal for future commercial production joint venture.
Project supports India's self-reliance in critical minerals and marks Midwest's diversification into rare earth processing.