RITES, HCL join hands to build critical mineral supply chain
Published on 06/06/2025 05:13 PM
RITES, HCL join hands to build critical mineral supply chainThe partnership seeks to capitalise on the technical and financial strengths of both central public sector enterprises. It includes participation in mineral block auctions and the development of mining infrastructure to support India's push for mineral security and self-reliance.By Asmita Pant June 6, 2025, 5:13:38 PM IST (Published)1 Min ReadRITES Limited and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to jointly develop a rapid, reliable, and sustainable mineral supply chain both in India and abroad.
The agreement was signed in New Delhi in the presence of Union Minister of Mines GK Reddy. RITES CMD Rahul Mithal and HCL CMD Sanjiv Kumar Singh formalised the collaboration, which will focus on the exploration, extraction, refining, and production of metals and minerals, with a special emphasis on critical minerals.
The partnership seeks to capitalise on the technical and financial strengths of both central public sector enterprises. It includes participation in mineral block auctions and the development of mining infrastructure to support India's push for mineral security and self-reliance.
As part of the deal, RITES will offer end-to-end consultancy and logistics services, ranging from project planning and multimodal transport design to rolling stock support, aimed at strengthening HCL’s mining operations.
Also Read: Tata Electronics, BEL sign MoU to power India’s semiconductor and electronics pushContinue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsHCLRITES