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HCL, OIL ink deal for critical, strategic minerals exploration, development

Oil India Limited and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) on September 19, 2025, to co-operate and collaborate for exploration and development of critical and strategic minerals including copper and associated minerals, according to an official release.

Hindustan Copper is engaged in mining, production, processing, and marketing of copper and related products. The company is currently focused on mining and beneficiation of copper ore and the sale of copper concentrate.

Oil India is a premier integrated oil and gas company with proven expertise in exploration, development, production, and transportation of crude oil and natural gas. Recognizing the growing importance of critical minerals, OIL has diversified into this sector to complement its core energy portfolio.

Aligned with the objectives of the Government of India’s National Critical Mineral Mission, this partnership will play a pivotal role in securing strategic mineral resources essential for the nation’s energy security, industrial growth, and technological advancement.