RITES and Hindustan Copper Sign MoU for Mineral Supply Chain Development

State-run firms RITES Ltd and Hindustan Copper Ltd signed a Memorandum of Understanding (MoU) on June 6, 2025, to work together on developing a supply chain for metals and minerals, including critical minerals. The MoU was signed in New Delhi in the presence of the Union Minister of Mines.

Areas of Collaboration

As per Filings, the MoU outlines joint efforts in the exploration, extraction, refining, and production of minerals in India and overseas. It includes plans to participate in mineral block auctions and develop the necessary mining infrastructure.

Logistics and Operations

RITES will support Hindustan Copper with consultancy and logistics services. This includes project planning, development of transport infrastructure, multimodal transport systems, and rolling stock-related support.

Non-Binding Agreement

The agreement is not legally binding. It does not create any enforceable obligations for either party. Financial decisions and responsibilities will be worked out separately for each project, depending on its scope. Risk-sharing arrangements will also be decided accordingly.

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Company Details

Hindustan Copper Ltd is a public sector enterprise under the Ministry of Mines. It is engaged in copper mining and production, covering the full cycle from mining and beneficiation to smelting, refining, and the manufacturing of copper wire rods. HCL operates in multiple states, including Rajasthan, Madhya Pradesh, Jharkhand, Gujarat, and Maharashtra.

RITES Ltd is a transport infrastructure consultancy and engineering firm under the Ministry of Railways. The company has been operational for nearly five decades and has completed projects in over 55 countries.

Share Price Performance

As of 10:22 AM on June 9, 2025, RITES share price was trading at ₹302.90, whereas was trading at Hindustan Copper share price was trading at ₹258.50.

Conclusion

The MoU sets a framework for the 2 companies to explore joint opportunities in mineral development and logistics. It covers domestic and international projects, with financial terms to be decided individually for each initiative.

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