Oil India, HCL Join Forces to Boost India’s Mineral Security

22 Sep 2025 CW Team

In a key step towards enhancing India’s self-reliance in strategic minerals, Oil India Limited and Hindustan Copper Limited (HCL) signed a Memorandum of Understanding (MoU) on 19 September 2025. The agreement focuses on co-operation in the exploration and development of critical minerals, including copper and associated minerals.

Hindustan Copper Limited, a Miniratna PSU under the Ministry of Mines, engages in mining, production, processing, and marketing of copper and related products. Its current operations prioritise mining and beneficiation of copper ore and the sale of copper concentrate.

Oil India, a Maharatna PSU under the Ministry of Petroleum & Natural Gas, is a leading integrated oil and gas company with expertise in exploration, development, production, and transportation of crude oil and natural gas. Recognising the strategic importance of critical minerals, Oil India has diversified its portfolio to include this sector alongside its core energy operations.

The MoU was signed in the presence of Mr Sanjiv Kumar Singh, Chairman and Managing Director of HCL, and Dr Ranjit Rath, Chairman and Managing Director of Oil India, along with senior officials from both organisations.

This collaboration marks a significant milestone in India’s pursuit of mineral security. In alignment with the National Critical Mineral Mission, the partnership aims to secure strategic mineral resources vital for energy security, industrial growth, and technological advancement in the country.

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