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Coal India, IREL ink MoU to collaborate on development of critical minerals
Update / Judgement Date
06 Jan 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Coal India and IREL have entered into a Memorandum of Understanding (MoU) to collaborate on the development of critical minerals. This strategic partnership aims to bolster India’s domestic supply of minerals essential for sectors like renewable energy, electric vehicles, and defense. The MoU represents a significant step in securing India’s mineral resources, reducing dependence on imports, and strengthening the country’s self-sufficiency in critical industries. The collaboration is expected to enhance the growth of India’s mining and mineral processing industries.