13 November 2026
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HCL Signs MoU with Indian Overseas Bank to Strengthen Corporate Banking and Salary Services 

The agreement was signed at HCL's Kolkata Corporate Office in the presence of CMD Anupam Misra and other senior officials from both organisations to strengthen banking services for employees.
Indian Masterminds Stories

Mumbai: Hindustan Copper Limited (HCL) has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) for a Corporate Salary Package at its Corporate Office (CO) in Kolkata. The agreement aims to strengthen the banking relationship between the two organisations and facilitate corporate salary-related banking services for HCL employees.

The MoU signing ceremony was attended by HCL Chairman-cum-Managing Director (CMD) Anupam Misra, Director (Operations) Dr. Sanjeev Kumar Sinha, Director (Finance) RVN Vishweshwar, Director (Mining) Ghanshyam Das Gupta and Chief Vigilance Officer (CVO) Harsimran Singh.

Other senior officials from Hindustan Copper and Indian Overseas Bank were also present during the occasion.

HCL and Indian Overseas Bank Sign Corporate Salary Package MoU

The agreement was signed by Dinesh Grover, General Manager (Finance), Hindustan Copper Limited, and Sharad Kumar Mishra, Chief Regional Manager, Indian Overseas Bank, on behalf of their respective organisations.

The MoU establishes a formal arrangement between HCL and IOB for the Corporate Salary Package, strengthening cooperation between the public sector mining company and the public sector bank.

The initiative is focused on facilitating salary-related banking services for HCL employees through the banking partnership.

Read also: Hindustan Copper Q2 FY27 Results: Net Profit Jumps 179% to Rs 519.54 Crore, Revenue Rises 64% to Rs 1,175.24 Crore

Senior Officials Attend MoU Signing Ceremony

The signing ceremony was attended by senior officials from Hindustan Copper, including Chairman-cum-Managing Director (CMD) Anupam Misra, Director (Operations) Dr. Sanjeev Kumar Sinha, Director (Finance) RVN Vishweshwar, Director (Mining) Ghanshyam Das Gupta and Chief Vigilance Officer (CVO) Harsimran Singh.

Senior representatives from Indian Overseas Bank were also present on the occasion, marking the collaboration between the two public sector organisations.

About Hindustan Copper Limited and Indian Overseas Bank

Hindustan Copper Limited (HCL): Hindustan Copper Limited is a Central Public Sector Enterprise (CPSE) under the Ministry of Mines, Government of India. Established in 1967, it is the country’s only vertically integrated copper-producing company, engaged in mining, beneficiation, smelting, refining and the production of copper products.

Indian Overseas Bank (IOB): Indian Overseas Bank is a public sector bank headquartered in Chennai, Tamil Nadu. Established in 1937, the bank provides a wide range of banking and financial services, including retail banking, corporate banking, digital banking, loans and deposit services.

Read also: Hindustan Copper Appoints Abhimanue Singh as Unit Head of Malanjkhand Copper Project 


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