Oil India Limited (OIL), a Maharatna CPSE under the aegis of the Ministry of Petroleum & Natural Gas and a premier integrated energy company, has signed a Memorandum of Understanding (MoU) with MECL
DIBRUGARH: Oil India Limited (OIL), a Maharatna CPSE under the aegis of the Ministry of Petroleum & Natural Gas and a premier integrated energy company, has signed a Memorandum of Understanding (MoU) with Mineral Exploration and Consultancy Limited (MECL), a Miniratna-I CPSE under the Ministry of Mines, Government of India, to collaborate in the exploration and development of critical mineral blocks in India and overseas.
The MoU was signed in the presence of CMD, Director, and senior officers from OIL and MECL.
This strategic partnership marks a significant milestone in fostering the exploration of critical minerals both in India and overseas, recognizing their vital importance for the nation’s energy security and sustainable growth.
Under this collaboration, OIL and MECL will jointly undertake exploration activities aimed at identifying, evaluating, and developing mineral-rich blocks both in India and overseas, including the recently awarded OIL-The Phop Graphite and Vanadium block in Arunachal Pradesh.
