In a major push towards energy security and sustainable growth, Oil India Limited (OIL) and Mineral Exploration and Consultancy Limited (MECL) have signed a groundbreaking Memorandum of Understanding (MoU).
This strategic alliance aims to unlock the potential of critical mineral blocks in India and beyond, paving the way for a stronger and self-reliant future. The signing ceremony took place in the presence of the CMD, Directors, and senior officials from both organizations, marking a significant milestone in India’s resource exploration sector.
Under this partnership, cutting-edge exploration activities will be carried out to identify, assess, and develop high-value mineral deposits. Among the key projects in focus is the Phop Graphite and Vanadium block in Arunachal Pradesh, recently awarded to OIL.
With this collaboration, OIL and MECL are set to redefine India’s mineral landscape, ensuring a steady supply of resources crucial for the nation’s energy and industrial growth. This MoU is not just a partnership—it’s a vision for a resource-rich, self-sufficient India!