GAIL, HCL sign MoU to explore, develop critical mineral resources

Maharatna CPSE GAIL (India) Ltd., and Hindustan Copper Ltd., (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on the exploration and development of critical mineral resources in India and overseas. Sanjay Agarwal, ED (Business Development and Exploration & Production), GAIL and Binod Kumar Gupta, ED (Mining)-Resource Planning, HCL signed the MoU in the presence of R.K. Singhal, director (Business Development), GAIL and Sanjeev K. Singh, CMDr, HCL along with senior officials from both the organisations. This strategic partnership between HCL and GAIL marks a significant development in India's critical minerals sector, potentially enhancing the country's self-reliance in these crucial resources and supporting its growing technology and clean energy industries. It also reflects India’s growing focus on sustainable development and the need to reduce dependence on imported resources by strengthening domestic capabilities in mining and mineral processing.