RITES & HCL sign MoU to develop ‘critical’ mineral supply chain
The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations.
RITES’ CMD Mr. Rahul Mithal and HCL CMD Mr. Sanjiv Kumar Singh sign the MoU in the presence of Hon’ble Minister of Mines Mr. GK Reddy (3rd from Left) in New Delhi on Friday.
Gurugram, June 06, 2025: RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering firm, today signed a Memorandum of Understanding (MoU) with Hindustan Copper Limited (HCL), a CPSE under the Ministry of Mines, to jointly develop a rapid, reliable, and sustainable supply chain of metals and minerals, including critical minerals in India and overseas.
The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations. The collaboration includes participation in mineral block auctions and development of mining infrastructure.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
As part of the MoU, RITES will provide end-to-end consultancy and logistics solutions, including project planning, transport infrastructure development, multimodal transport planning, and rolling stock support, to strengthen HCL’s mining operations.
This strategic partnership aims to build an integrated, self-reliant mineral value chain that supports India’s critical mineral security, fosters sustainable growth, and strengthens the nation's economic resilience.
Read Also : NTPC Led consortium gets Letter of Intent to acquire Sinnar Thermal Power Limited