Oil India Limited (OIL) and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on the exploration and development of critical and strategic minerals, including copper and associated minerals. The agreement was formalised on 19 September 2025.
The partnership is intended to support the objectives of the National Critical Mineral Mission by strengthening domestic mineral sourcing. OIL has recently diversified into critical minerals alongside its existing oil and gas operations, while HCL focuses on mining, beneficiation, and sale of copper ore and concentrate.
The signing took place in the presence of Ranjit Rath, Chairman and Managing Director of OIL, and Sanjiv Kumar Singh, Chairman and Managing Director of HCL, along with senior officials from both companies.
Oil India Limited is a state-owned enterprise under the Ministry of Petroleum and Natural Gas. It operates across the exploration, development, production, and transportation of crude oil and natural gas. Hindustan Copper Limited, under the Ministry of Mines, is engaged in copper mining, production, processing, and marketing of copper products.
