Oil India, ONGC Videsh, and Khanij Bidesh India Limited (KABIL) signed a Memorandum of Understanding (MoU) with UAE-based International Resources Holding RSC (IRH) to collaborate on the supply chain for critical minerals.
The agreement is aimed at fostering global cooperation in identifying, acquiring, and developing critical mineral projects, including those in India. Under the MoU, the companies will work together to identify potential projects, carry out joint due diligence, and develop strategies for managing associated risks.
As reported by msn.com, ONGC Videsh, the overseas arm of Oil and Natural Gas Corporation (ONGC), and KABIL, a joint venture comprising National Aluminium Company (NALCO), Hindustan Copper Limited (HCL), and Mineral Exploration & Consultancy Limited (MECL), will explore mutually beneficial opportunities to enhance operational efficiency and ensure a steady supply of crucial energy minerals.
