India's Mineral Future: HCL & CIL Join Forces

Hindustan Copper Ltd (HCL) has entered into a Memorandum of Understanding (MoU) with Coal India Ltd (CIL) to explore joint opportunities in the copper and critical minerals sectors. The agreement, signed on 30 June 2025, was announced by HCL through a regulatory filing.

The MoU establishes a framework for strategic collaboration in identifying and evaluating viable projects both in India and abroad. The partnership aims to leverage the complementary strengths of both public sector enterprises in areas such as project development, resource exploration, and international alliances, with a focus on enhancing India’s self-reliance in critical minerals essential for the energy transition and advanced manufacturing.

HCL, India’s only vertically integrated copper producer, manages operations across the full copper value chain—including exploration, mining, beneficiation, and concentrate production—with active mines in Malanjkhand (Madhya Pradesh), Khetri (Rajasthan), and Ghatsila (Jharkhand).

This collaboration aligns with the government’s vision to foster synergies among state-owned enterprises, ensuring secure and sustainable supply chains for minerals vital to India’s industrial growth and strategic imperatives.

News by Rahul Yelligetti.