National Aluminium Company’s Joint Venture (JV) -- Khanij Bidesh India (KABIL) has signed a Memorandum of Understanding (MoU) with Oil India for collaboration in Projects & Exploration.
The MoU has been signed with the objective to collaborate, in existing and future projects of KABIL with the aim of strengthening and fostering connections in the exploration and exploitation of critical minerals. The collaborative efforts and joint initiatives would be directed towards finding international critical mineral opportunities, comprehensive due-diligence of potential critical mineral opportunities and to co-invest in potential critical mineral projects.
KABIL, is a Joint Venture Company of the three Government Enterprises: National Aluminium Company (NALCO), Hindustan Copper (HCL) and Mineral Exploration & Consultancy (MECL), under the aegis of Ministry of Mines, Government of India.
NALCO has the largest integrated alumina-aluminium complex of Asia.
