Hindustan Copper, Indian Oil Sign MoU To Bid For Critical Mineral Blocks

Hindustan Copper Ltd. and Indian Oil Corp. Ltd. have signed a memorandum of understanding to jointly bid for copper and critical mineral blocks and collaborate on their development and operation for exploration, mining, and processing, Hindustan Copper said in a filing Monday.

The MoU aims to share investments and risks across the value chain, though it is not legally binding, the company clarified.