https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IOCL Partners with Hindustan Copper to Bid for Copper, Critical Minerals

IOCL and Hindustan Copper sign MoU to enhance India’s strategic resource capabilities.
Indian Masterminds Stories

In a strategic move aimed at boosting India’s self-reliance in critical resources, Indian Oil Corporation Limited (IOCL) has signed a non-binding Memorandum of Understanding (MoU) with Hindustan Copper Limited (HCL). This collaboration paves the way for both Public Sector Undertakings (PSUs) to jointly bid for copper, critical minerals, and other strategic mineral blocks across the country.

Strengthening Domestic Resource Capabilities

The MoU outlines a broad framework for IOCL and HCL to explore, acquire, and develop mining assets through joint bidding in upcoming mineral block auctions. The agreement also includes shared operations in mining, mineral processing, and infrastructure development related to these assets.

This partnership marks IOCL’s formal entry into the mining and mineral acquisition space—a diversification aimed at enhancing vertical integration and securing critical supply chains for India’s industrial and energy sectors.

Also Read: Indian Oil Corporation (IOCL) Appoints IFS Officer Esha Srivastava as Govt Nominee Director

Financial Backbone and Strategic Intent

Hindustan Copper’s strong financial performance in FY2024–25 supports this forward-looking venture. The PSU reported a 21% growth in revenue from operations (₹2,070.97 crore), a 54% surge in profit before tax (₹633.51 crore), and a 42% rise in net profit (₹468.53 crore). With robust financial backing, the company is well-positioned to expand its footprint into new mineral frontiers through collaborations with IOCL and other strategic partners.

A Vision Aligned with National Priorities

This partnership reflects a growing focus among Indian PSUs on securing essential mineral resources vital for energy, defense, and advanced manufacturing sectors. By joining forces, IOCL and HCL aim to strengthen India’s long-term mineral security and contribute to the country’s Atmanirbhar Bharat (self-reliant India) initiative.

About IOCL

Indian Oil Corporation Limited (IOCL) is India’s largest commercial oil company, operating across the entire hydrocarbon value chain, including refining, pipeline transportation, marketing, exploration and production of crude oil, natural gas, and petrochemicals. A Maharatna PSU under the Ministry of Petroleum and Natural Gas, IOCL plays a pivotal role in ensuring the country’s energy security.

About Hindustan Copper Limited

Hindustan Copper Limited (HCL) is a vertically integrated copper producer under the Ministry of Mines, Government of India. It is the only PSU in the country engaged in mining, beneficiation, smelting, refining, and casting of refined copper. HCL owns and operates mining assets across Jharkhand, Madhya Pradesh, Rajasthan, and Maharashtra.

Read More About: Hindustan Copper Ltd to Bid for Critical Minerals and Rare Earth Blocks with PSU Partners


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
EIL MOA
EIL and IIT Kanpur Sign MoA to Develop Solar-Thermal Tech for Hydrogen Production via Ammonia Cracking
Harpreet Singh Sidhu
Senior IPS Officer Harpreet Singh Sidhu Repatriated to Punjab, Sparks Buzz Over DGP Post
IPS Rachita Juyal
Who Is IPS Rachita Juyal? Uttarakhand Officer Who Resigned After Just 10 Years, VRS Accepted by Govt
IAS M Bharani Kumaar
Who Is IAS M Bharani Kumaar? 2013-Batch Officer Appointed Executive Director, Tea Board Coonoor
IAS officer Vinay  Choubey
Suspended IAS Officer Vinay Choubey Approaches Jharkhand High Court for Bail in Corruption Case
IPS Officer Indian Police Services
Rajwinder Bhatti, GL Singhal, Pramod Kumar Among 19 IPS Officers Retiring in Sept 2025
ONGC_resized
India’s Energy Push: ONGC, APM Pipavav Sign ₹37,000 Cr Deal for Offshore Logistics Base
Ashwini Vaishnaw Rail Minister
Railway Minister Ashwini Vaishnaw to Inaugurate IREE 2025, Asia’s Largest Railway Equipment Exhibition in New Delhi
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
IFS Uttam Kumar Sharma Interview
From Extinction to Exhilaration: The Untold Story and Future Vision of Project Cheetah | Led by IFS Uttam Kumar Sharma | Eco Warrior Awards 2025
ADVERTISEMENT
UPSC Stories
Abhay Daga IPS UPSC Success Story
IIT Graduate, Microsoft Alum, Actor, to Cracking UPSC CSE: The Story of Abhay Daga
Read the inspiring journey of Abhay Daga, an IIT graduate, Microsoft alum, and actor, who cleared UPSC...
Rishav Awasthi MPPSC Risabh Awasthi MPPCS
Family’s Dream, His Determination: How Small-Town Dreamer Rishav Awasthi Conquered MPPSC 2024 with Rank 2 | Exclusive
After two failed attempts, Rishav Awasthi secured Rank 2 in MPPSC 2024, driven by family support, self-study,...
Harshita Dave MPPSC 2024
The Girl Who Turned Dreams Into a Deputy Collector Post at 22: Meet MPPSC 2024 Women Topper Harshita Dave
At just 22, Harshita Dave topped MPPSC 2024, becoming the women topper and securing Rank 5. Her journey...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
EIL MOA
EIL and IIT Kanpur Sign MoA to Develop Solar-Thermal Tech for Hydrogen Production via Ammonia Cracking
Harpreet Singh Sidhu
Senior IPS Officer Harpreet Singh Sidhu Repatriated to Punjab, Sparks Buzz Over DGP Post
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Siddhartha Saxena UPSC CAPF
Dr. S.K
IFS Uttam Kumar Sharma Interview
ADVERTISEMENT
ADVERTISEMENT