RITES and HCL Join Forces to Secure India’s Critical Mineral Future

On June 6, 2025, RITES Ltd, a top transport consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with Hindustan Copper Limited (HCL), a central public sector company under the Ministry of Mines. The aim of this partnership is to create a fast, efficient, and sustainable supply chain for metals and critical minerals, both in India and internationally.

Joint Efforts in Exploration and Mining

The collaboration will involve the 2 companies working together on the exploration, extraction, refining, and production of minerals. They also plan to take part in mineral block auctions and develop mining infrastructure projects.

RITES to Offer Full Logistics and Planning Support

Under the agreement, RITES will offer complete consultancy services, including project planning, transport infrastructure, multimodal logistics, and rolling stock support to boost HCL’s mining operations.

Strengthening India’s Mineral Security

This strategic tie-up is a key step toward building a self-reliant and integrated mineral value chain for India. It supports national goals of securing essential mineral resources and promoting sustainable economic development.

About RITES Ltd

RITES is a Navratna PSU and a major player in India’s transport consultancy space. With over 50 years of experience, RITES has delivered projects in more than 55 countries across Asia, Africa, Latin America, and the Middle East.

Rites Share Price Movement

On June 6, 2025, RITES share price closed at ₹300.50, down 2.81%. The stock opened at ₹309.00 and hit a low of ₹298.10. Its market cap is ₹14,410 crore, with a P/E ratio of 37.52. The stock's 52-week high is ₹398.45 and the low is ₹192.40.

Read More: Why Bajaj Finance, SBI Card, and RBL Bank Shares Soared Up to 4%?

Conclusion

The MoU between RITES and HCL marks a significant step toward securing India’s mineral future. By leveraging their combined strengths, the 2 companies aim to build a robust and reliable mineral ecosystem critical for India’s economic and industrial resilience.

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