MoU19 Sept 2025, 03:07 pm
Hindustan Copper Ltd and Oil India Limited Sign MoU for Critical and Strategic Minerals Exploration
AI Summary
Hindustan Copper Ltd (HCL) and Oil India Limited (OIL) have signed a Memorandum of Understanding (MoU) on 19.09.2025 to collaborate on exploration & development of Critical and Strategic minerals including Copper and associated minerals in India and overseas. The MoU aims to share investments and associated risks while doing exploration, development, mining and processing of critical & copper mineral blocks. This partnership is a significant step towards strengthening India's self-reliance in critical and strategic mineral sourcing, supporting the objectives of National Critical Mineral Mission of Govt. of India.
Key Highlights
- HCL and OIL sign MoU for exploration & development of Critical and Strategic minerals including Copper
- MoU aims to share investments and associated risks in exploration, development, mining and processing of critical & copper mineral blocks
- Partnership supports India's self-reliance in critical and strategic mineral sourcing
- Collaboration aligns with National Critical Mineral Mission of Govt. of India
- OIL is a Maharatna PSU under the aegis of the Ministry of Petroleum & Natural Gas, HCL is a Miniratna PSU under the aegis of Ministry of Mines