Gas Transmission & Marketing company Signins Strategic MoU with Hindustan Copper to Boost Critical Minerals Exploration

On Friday share price of GAIL (India) Limited jumped over 1.4 per cent to its intraday high. As of 1:53 pm IST, the stock price was trading at Rs 171.31 per share, up by 1.07 per cent.

GAIL (India) Limited and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on the exploration and development of critical mineral resources in India and overseas. 

Shri Sanjay Agarwal, Executive Director (Business Development and Exploration & Production), GAIL and Shri Binod Kumar Gupta, Executive Director (Mining)- Resource Planning, HCL signed the MoU in the presence of Shri R.K. Singhal, Director (Business Development), GAIL and Shri Sanjeev K. Singh, Chairman and Managing Director, HCL along with senior officials from both the organisations. 

This strategic partnership between Hindustan Copper and GAIL marks a significant development in India's critical minerals sector, potentially enhancing the country's self-reliance in these crucial resources and supporting its growing technology and clean energy industries. It also reflects India’s growing focus on sustainable development and the need to reduce dependence on imported resources by strengthening domestic capabilities in mining and mineral processing. 

This MoU represents a forward-looking step toward unlocking the potential of India's mineral wealth while also exploring strategic opportunities abroad. The collaboration reaffirms the commitment of both companies to national development, technological progress, and sustainable resource management.

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About GAIL (INDIA) LTD

GAIL is India’s leading gas transmission & distribution company with extensive gas transmission and distribution pipelines in the country, LPG extraction plants and a gas-based petrochemical plant, besides upstream oil and gas blocks and interests in LNG terminals in India. GAIL also has a global presence and business interests in the USA, Singapore, Myanmar, Russia, China and Egypt. Further, GAIL is pursuing business opportunities in the entire value chain of renewable energy and other clean energy ventures, including Green Hydrogen and Biofuels.

The company has a market cap of over Rs 1.20 lakh crore. The stock is up by 13.83 per cent from its 52-week low of Rs 150.52 per share and has given multibagger returns of 166 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.