The agreement was signed in New Delhi in the presence of Union Minister of Mines GK Reddy. RITES CMD Rahul Mithal and HCL CMD Sanjiv Kumar Singh formalised the collaboration, which will focus on the exploration, extraction, refining, and production of metals and minerals, with a special emphasis on critical minerals.
The partnership seeks to capitalise on the technical and financial strengths of both central public sector enterprises. It includes participation in mineral block auctions and the development of mining infrastructure to support India’s push for mineral security and self-reliance.
As part of the deal, RITES will offer end-to-end consultancy and logistics services, ranging from project planning and multimodal transport design to rolling stock support, aimed at strengthening HCL’s mining operations.
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