MoU7 Aug 2025, 06:42 pm
Oil India Ltd and IREL Collaborate to Develop Critical Minerals
AI Summary
In a significant step towards strengthening India's self-reliance in strategic mineral sourcing, Oil India Limited and IREL (India) Limited have signed a Memorandum of Understanding (MoU) to cooperate and collaborate for development of Critical Minerals. This collaboration will play a vital role in securing strategic mineral resources essential for the nation's energy security and technological advancement.
Key Highlights
- Oil India and IREL sign MoU for development of Critical Minerals.
- Collaboration aims to secure strategic mineral resources for India's energy security and technological advancement.
- Oil India, a Maharatna PSU under the Ministry of Petroleum & Natural Gas, and IREL, a Miniratna PSU under the Department of Atomic Energy, partner to enhance self-reliance in critical minerals and rare earth elements.
- This collaboration is a part of the National Critical Mineral Mission of Govt. of India.
- The MoU was signed by Mr Ranjan Goswami, Executive Director (BD) of Oil India, and Mr Ravi Prakash Jha, General Manager(Projects) of IREL in the presence of Dr Ranjit Rath, Chairman & Managing Director of Oil India and Mr Sarada Bhushan Mohanty, Chairman & Managing Director of IREL.