RITES & HCL sign MoU to develop critical mineral supply chain

RITES Ltd., a leading Transport Infrastructure Consultancy and Engineering firm, has signed a Memorandum of Understanding (MoU) with Hindustan Copper Limited (HCL), a CPSE under the Ministry of Mines, to jointly develop a rapid, reliable, and sustainable supply chain of metals and minerals, including critical minerals in India and overseas. The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations. The collaboration includes participation in mineral block auctions and development of mining infrastructure. RITES will provide end-to-end consultancy and logistics solutions to strengthen HCL's mining operations. This strategic partnership aims to build an integrated, self-reliant mineral value chain that supports India’s critical mineral security, fosters sustainable growth, and strengthens the nation's economic resilience.