OIL, OVL & KABIL sign MoU with IRH, UAE for Global cooperation in Critical Mineral supply chain

A Memorandum of Understanding (MoU) was signed between Indian entities comprising of OIL, OVL & KABIL and International Resources Holding RSC Ltd. (IRH), UAE on 10th September 2024 for global cooperation in Critical Mineral supply chain primarily with the objective of collaboration, identification, acquisition, and development of Critical Mineral projects on a global scale, including India.

The Parties intend to leverage their respective expertise, resources, and networks to pursue opportunities that are mutually beneficial and to achieve operational excellence and secure a stable supply of critical energy minerals.

Under the terms of the MoU, the Parties will work together in a cooperative and coordinated manner and will focus on Project Identification, conducting joint due diligence, collaborate on risk management strategies and devise a long-term offtake strategy.

Shares of Oil India Limited was last trading in BSE at Rs. 609.15 as compared to the previous close of Rs. 634.70. The total number of shares traded during the day was 318795 in over 14109 trades.

The stock hit an intraday high of Rs. 645.65 and intraday low of 606.00. The net turnover during the day was Rs. 197070638.00.

Source : Equity Bulls

Keywords

OilIndia INE274J01014 MoU OVL KABIL IRHUAE GlobalCooperation