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Uranium Corporation of India Limited was incorporated on 4th October 1967. Uranium Corporation of India Limited is a Public Sector Enterprise under the Department of Atomic Energy. UCIL is at the forefront of the Nuclear Power cycle. Fulfilling the requirement of Uranium for the Pressurised Heavy Water Reactors, UCIL plays a very significant role in Indias nuclear power generation programme.
The uranium ore is found in the mineralized zone of the Singhbhum Shear zone which is about 160 km in length and 1 to 10 km in width in the East & West Singhbhum Districts of Jharkhand. The rocks in the zone are highly folded and sheared. Uranium bearing minerals occur in very finely disseminated form.