Oil India and Hindustan Copper Ink MoU for Critical Mineral Exploration

New Delhi, September 19, 2025 – Oil India Limited (NSE: OIL; BSE: 533106) signed a Memorandum of Understanding with Hindustan Copper Limited to join hands for exploration and development of strategic and critical minerals such as copper and related resources.

The collaboration stands as a milestone in consolidating India’s self-sufficiency in obtaining critical minerals for energy security and technological development. The deal was inked in the presence of Dr. Ranjit Rath, Chairman & Managing Director, Oil India, and Sanjiv Kumar Singh, Chairman & Managing Director, Hindustan Copper, senior officials from the two companies.

Oil India, a Maharatna public sector enterprise under the Ministry of Petroleum & Natural Gas, has diversified into critical minerals over and above its oil and gas portfolio in line with the increasing significance of such resources in global supply chains. Hindustan Copper, a Miniratna under the Ministry of Mines, is involved in mining, processing, and marketing of copper products, currently with a focus on copper ore mining and beneficiation and concentrate sales.

The partnership is anticipated to serve the goals of the National Critical Mineral Mission by increasing India’s capacity to source and grow strategic mineral resources.

Stock Performance

Oil India shares closed at ₹404, an increase of 1.37% on September 19, 2025. The share reached an intraday high of ₹405.00 and a low of ₹399.40, trading volume of 13.22 lakh shares, and a market capitalization of around ₹65,749 crore.

In the last 52 weeks, the stock has fallen by 29.53%, whereas year-to-date, it has fallen by 7.44%. Performance in the longer terms is still good at 111.41% for two years and 226.07% for three years. Its 52-week high was ₹627.00 on September 18, 2024, and 52-week low was ₹325.00 on April 7, 2025.

REF: https://nsearchives.nseindia.com/corporate/OIL_19092025142723_REG30PRESSRELEASE19092025.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations