Oil India Share Price in Focus; Signs MoU with CSIR-IMMT for Joint Research in Critical Minerals

Oil India Limited (OIL) has signed a memorandum of understanding with CSIR-Institute of Minerals and Materials Technology (CSIR-IMMT) to undertake joint research in critical minerals.  

The agreement was formalised on 30 March 2026, as per a regulatory filing submitted to stock exchanges.  

Link to National Programme 

The collaboration is aligned with the National Critical Mineral Mission (NCMM), under which CSIR-IMMT has been designated as a Centre of Excellence.  

The institute is to support research in mineral processing and materials technology within this framework. The partnership is intended to follow the research priorities already outlined under the mission.  

Participants at the Signing 

The agreement was signed by OIL’s Director (Exploration & Development) and the Director of CSIR-IMMT.  

Senior officials from both sides were present, including the Chairman and Managing Director of OIL, functional directors, and scientists from the institute.  

Scope of Work 

The MoU enables both organisations to jointly pursue research and development projects in the critical minerals segment.  

This may include work related to exploration techniques, extraction processes, and material applications.  

The arrangement provides a formal structure for collaboration rather than project-specific engagements. 

OIL, a Maharatna public sector enterprise, brings experience in exploration and resource management, while CSIR-IMMT contributes technical expertise in mineral and materials research. 

Read More: BHEL Share Price in Focus; Receives 5-Year Relaxation for Procurement of 21 Items from Land Border Countries! 

Oil India Share Price Performance  

As of April 1, 2026, 9:39 am, Oil India Ltd share price was trading at ₹479.55, up 0.86% from the previous closing price. 

Conclusion 

The agreement establishes a research-led collaboration between a public sector company and a scientific institution, with work to be carried out within the existing framework of the national mission on critical minerals. 

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