NALCO, OIL, OVL Sign MoU with UAE's IRH for Global Cooperation in Critical Mineral Supply Chain

Indian entities including National Aluminium Co. Ltd. (NALCO), Khanij Bidesh India Limited (KABIL), Oil India Limited (OIL), and ONGC Videsh Limited (OVL) have signed a Memorandum of Understanding (MoU) with International Resources Holdings RSC Ltd. (IRH) of UAE. The MoU, signed at the UAE-India Business Forum in Mumbai, marks a significant step in global cooperation on the critical mineral supply chain. The agreement includes joint project identification, due diligence, risk management strategies, and the development of a long-term offtake strategy. This partnership aims to ensure a stable supply of essential energy minerals and foster collaboration in the identification, acquisition, and development of critical mineral projects. The MoU aligns with India's efforts to strengthen the global critical mineral supply chain and contribute to Atmanirbhar Bharat.