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Oil India and Hindustan Copper have signed a memorandum of understanding aimed at exploring and developing critical and strategic minerals, including copper. This collaboration is seen as a pivotal move in bolstering India's self-reliance in mineral sourcing.

Oil India, primarily an oil and gas company, is diversifying into critical minerals amid rising demand. The partnership aligns with the government's National Critical Mineral Mission and aims to secure essential resources for the nation's energy security. Additionally, the company plans significant capital expenditures, focusing on various projects, including deep water exploration and renewable energy initiatives.