RITES Limited and Hindustan Copper Limited have signed a strategic MoU to strengthen the supply chain of the vital minerals. This initiative is taken to accelerate the mineral security and economic growth of the country, the companies will work in exploring precious minerals, extracting, refining and mining infrastructure in the country and worldwide.
Introduction:
Representing a major stride towards minerals self-reliance and sustainability, RItes Ltd. has inked a MOU with Hindustan Copper Limited (HCL). This initiative is taken to upgrade the supply chain of minerals, this will reinforce India’s position in the mining industry as well as the mineral refining industry both in the country and abroad.
Key Highlights of the MoU:
Focus Areas– The partnership will focus on all the aspects of minerals like exploration, extracting, refining and production of the essential minerals. The companies will participate in mineral block auctions and upgrade mining infrastructure to accelerate the mineral supply.
Strategic Roles- RITES Ltd. will play a key role in the technical work and because of its expertise in the field of technology and strategies.
This includes:
- Project strategy and feasibility studies
- Transport infrastructure upgradation
- Multimodal transport strategy
- Rolling stock for mineral transportation
National Impact– This initiative helps with India’s goal of becoming self reliant on the minerals supply field, and also provides supply security. Sectors like renewable energy, defense manufacturing, electric mobility, and electronics rely on the minerals supply, so scale in one sector will improve efficiency in other sectors.
About the Companies:
RITES Limited:
A Navratna Public Sector Enterprise, RITES is a prestigious transport infrastructure consultancy and engineering company with 5 decades of experience. It has worked for countries like Asia, Africa, Latin America, the Middle East and many more.
Hindustan Copper Limited (HCL):
HCL is a prominent entity in the copper producing industry in India, it plays a crucial role in the country’s non-ferrous metal industry and its work on exploration, mining, beneficiation, smelting, and refining of copper.
Conclusion:
The RITES-HCL MoU highlights an important initiative that aims to secure India’s mineral future through collaborative exploration and infrastructure development. By building an integrated mineral ecosystem, the partnership will improve economic resilience, support green technologies, and will make India a self-reliant country in strategic resources.
Source: RITES – Press Release | Image Credit: RITES
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