Oil India Limited has informed the Exchange regarding a press release dated March 30, 2026, titled "Oil India and CSIR- IMMT signs MoU to pursue joint Research in Critical Minerals".
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Oil India Limited has signed an MoU with CSIR–Institute of Minerals and Materials Technology (IMMT) to collaborate on joint research and development in critical minerals. CSIR-IMMT is designated as the Centre of Excellence for Critical Minerals under the National Critical Mineral Mission (NCMM). The MoU was signed on March 30, 2026, by senior officials from both organisations, including the CMD of Oil India. The collaboration will focus on pursuing R&D projects in the critical mineral domain as outlined under NCMM.
This is a research-focused partnership with a government lab and does not involve any capital outlay, equity stake, or commercial production commitment. For shareholders, the longer-term relevance is to Oil India's diversification into critical minerals, an emerging strategic area, but there is no immediate financial or operational impact on the business.