Oil India and IREL sign MoU for critical minerals development
Oil India Ltd (OIL) and IREL (India) Limited have signed a Memorandum of Understanding to jointly explore and develop rare earth and critical minerals. The agreement was signed in Mumbai on August 7, 2025. OIL, under the Ministry of Petroleum and Natural Gas, is diversifying beyond oil and gas into critical minerals. IREL, operating under the Department of Atomic Energy, specialises in mining and processing mineral sands, including rare earth element extraction and refining. The…