The Business Bytes
BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Khanij Bidesh India Limited (KABIL) on Wednesday formalized a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI) to solidify a lasting partnership in geophysical investigations. This alliance aims to fortify KABIL’s endeavors in critical and strategic mineral projects.
The MoU signing ceremony took place at the NALCO Corporate Office here, with Sadashiv Samantaray, Director (Commercial) of NALCO & CEO of KABIL, and Prakash Kumar, Director of CSIR-NGRI, as signatories. Sridhar Patra, CMD of NALCO & Chairman of KABIL, graced the event with his presence, underscoring the significance of the collaboration.
This collaboration will primarily entail conducting comprehensive geophysical, geochemical, and geological surveys, coupled with rigorous data analysis, interpretation, and modeling. Moreover, it will facilitate the exchange of scientific knowledge, technical assistance, and advisory services.
In his remarks, Sridhar Patra highlighted the transformative potential of this partnership in fostering innovation and delivering actionable insights for KABIL’s ongoing initiatives. He emphasized its pivotal role in propelling advancements within the critical minerals sector.
KABIL is a joint venture company comprising three Indian public sector undertakings – National Aluminium Company Limited (NALCO), Hindustan Copper Limited (HCL), and Mineral Exploration and Consultancy Limited (MECL), operating under the Ministry of Mines, Government of India.
