India, Aug. 8 -- In a significant step towards strengthening India's self-reliance in strategic mineral sourcing, Oil India Limited and IREL (India) Limited have signed a Memorandum of Understanding (MoU) on August 7, 2025 in Mumbai to cooperate and collaborate for development of Critical Minerals.

Oil India, a Maharatna PSU under the aegis of the Ministry of Petroleum & Natural Gas, is a premier integrated Oil and Gas company, possessing proven expertise in exploration, development, production and transportation of crude oil and natural gas.

Given the increasing importance of critical minerals, OIL has diversified into Critical Minerals apart from its present portfolio of Oil and Gas. IREL, a Miniratna PSU, under Department of Atomic E...