GAIL, HCL Sign Pact to Develop Critical Mineral Assets

08 Aug 2025 CW Team

GAIL (India) Limited and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on the exploration and development of critical mineral resources both in India and overseas.

The MoU was signed by Shri Sanjay Agarwal, Executive Director (Business Development and Exploration & Production), GAIL, and Shri Binod Kumar Gupta, Executive Director (Mining) - Resource Planning, HCL. The event was held in the presence of Shri R.K. Singhal, Director (Business Development), GAIL, and Shri Sanjeev K. Singh, Chairman and Managing Director, HCL, along with senior officials from both companies.

This strategic alliance aims to strengthen India’s self-reliance in essential minerals vital for the country’s technology and clean energy sectors. It underscores a joint effort to reduce reliance on imports by enhancing domestic capabilities in mining and mineral processing.

The agreement also reflects a shared commitment to sustainable development, national progress, and responsible resource management, while opening avenues for exploring strategic opportunities internationally.

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