RITES, Hindustan Copper Ink MoU For Joint Development Of Mineral Supply Chain

RITES Ltd. on Friday said it has signed a memorandum of understanding with Hindustan Copper Ltd. to build a fast, efficient, and sustainable metals and minerals supply chain, both in India and abroad.

As part of the partnership, RITES will offer end-to-end consultancy and logistics solutions; ranging from project planning and transport infrastructure to multimodal logistics and rolling stock support; to bolster Hindustan Copper’s mining operations.

The collaboration will also cover joint efforts in mineral exploration, extraction, refining, and production. Both companies plan to leverage their technical and financial capabilities to participate in mineral block auctions and set up mining infrastructure, the company said in a filing.