Hindustan Copper (HCL) and NTPC Mining (NML) have signed a memorandum of understanding (MoU) to collaborate in the development of copper and other critical minerals.

The partnership allows both companies to jointly participate in auctions for copper and critical mineral blocks and engage in exploration, mining, and processing activities. As part of the agreement, HCL and NML will assess joint investment opportunities in developing and processing minerals from HCL's existing assets. The collaboration also includes evaluating potential projects both in India and abroad, focusing on current and future copper and critical mineral assets.

This MoU aims to strengthen the companies' positions in the growing global minerals market. The partnership lays the foundation for a strong collaboration in copper and critical mineral development, signalling a significant step toward enhancing the country’s mining sector capabilities.