The city based Mini Ratna I CPSE, Mineral Exploration Corporation Limited (MECL), engaged in detailed mineral exploration in the country has signed a Memorandum of Understanding (MoU) with NMDC for exploration of Iron ore, Coal, Gold, Diamond and other minerals in various states.

 

The MoU was signed by Dr Ranjit Rath, CMD, MECL and Sumit Deb, CMD, NMDC on December 21 in presence of senior officials of both the organisations at Hyderabad. With MECL having more than 48 years of expertise in geological exploration activities and NMDC contributing heavily in building up iron and coal reserves, these premier organisations are now teaming up to help in realising the Government of India’s ‘Aatmnirbhar Bharat Abhiyan’ initiative and further strengthening import substitution by boosting the domestic mineral production. NMDC and MECL propose to jointly pursue opportunities with mineral rich State Government through their DMGs / DGMs or in overseas geographies for undertaking exploration campaigns in mutually agreed projects.