Hindustan Copper has executed an Memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) on June 29, 2025 to jointly participate in copper, critical minerals block auctions, develop and operationalize block for exploration and mining, mining and processing of minerals and share risks across the value chain.
The purpose of the MoU is also to share investments and risks for the development, mining and processing from existing assets of Hindustan Copper. This MoU does not constitute a legally binding relationship between the parties as per the conditions set-out in the MoU.
Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.
