Public sector giants Coal India Limited (CIL) and Hindustan Copper Limited (HCL) have signed a memorandum of understanding (MoU) to explore joint opportunities in the copper and critical minerals space. The agreement, signed on Monday, outlines a framework for collaboration in areas related to resource exploration, development, and extraction of key minerals vital for emerging technologies. CIL disclosed the partnership in a regulatory filing with the Bombay Stock Exchange (BSE) on Tuesday.
This marks the second such initiative by CIL in the sector. Earlier, the company entered into a similar agreement with IREL (India) Ltd to support joint efforts in the development of critical mineral resources, including mineral sands and rare earth elements.
Coal India, which is responsible for over 80% of the country’s coal output, is broadening its strategic focus as India accelerates its transition toward sustainable and technology-driven energy systems. Critical minerals like copper, lithium, nickel, cobalt, and rare earth elements are essential inputs for clean energy infrastructure. These materials are crucial for the manufacturing of wind turbines, power transmission networks, electric vehicles, and advanced battery systems.
The collaboration between CIL and HCL is expected to support India’s ambition to secure domestic sources of these strategically important minerals, reduce import dependency, and contribute to the broader goals of energy security and self-reliance. Hindustan Copper Limited (HCL), established in 1967, is a state-owned mining company under the Ministry of Mines, Government of India. It is the only integrated copper producer in India, involved in the entire value chain from mining and beneficiation to smelting and refining.
HCL operates several copper mines, including the well-known Malanjkhand mine in Madhya Pradesh, and also runs smelting and refining facilities. The company plays a pivotal role in meeting India’s demand for copper, which is critical for industries such as electrical, construction, telecommunications, and renewable energy. In addition to its core business, Hindustan Copper has focused on enhancing its sustainability practices, including environmental management and energy efficiency improvements, while also aiming to increase its production capacity to meet future demand.
Coal India Limited (CIL) is the largest coal-producing company in the world and a state-owned entity under the Government of India. Established in 1975, CIL operates through its subsidiaries and is primarily engaged in the exploration, mining, and production of coal. It plays a crucial role in meeting India’s energy demands, supplying more than 80% of the country’s coal requirements for power generation, cement, and steel industries.
CIL is also focused on sustainability and has been working on reducing its environmental footprint through initiatives like afforestation, the adoption of cleaner technologies, and the reduction of CO2 emissions. With over 300 operational mines spread across the country, Coal India is a key player in the energy sector and continues to expand its capacity to address the growing energy needs of India.
