Bhubaneswar, March 30: In a significant move to strengthen India’s strategic mineral ecosystem, Oil India Limited (OIL) on Monday signed a Memorandum of Understanding (MoU) with the CSIR–Institute of Minerals and Materials Technology (IMMT) to establish a Centre of Excellence for critical minerals.
The collaboration, formalized in Bhubaneswar, is aligned with the National Critical Mineral Mission under the Ministry of Mines and aims to enhance research, exploration, and processing of critical minerals, supporting the country’s self-reliance objectives.
Under this agreement, OIL will become the first “Industry Spoke” of CSIR-IMMT under the Ministry of Petroleum and Natural Gas, creating a new model of partnership between India’s energy and mining sectors.
The MoU was signed by Saloma Yomdo, Director (Exploration & Development), Oil India Limited, and Ramanuj Narayan, Director of CSIR-IMMT, in the presence of OIL CMD Ranjit Rath. Senior officials from OIL and CSIR-IMMT scientists, including Kali Sanjay and Satyajit Rath, also attended the ceremony.
Speaking at the event, CMD Ranjit Rath emphasized that the partnership would expand OIL’s role beyond hydrocarbons, boosting its contribution to the National Critical Mineral Mission. He also highlighted the potential of artificial intelligence and machine learning in identifying mineral resources, noting that OIL has already pinpointed ten focus areas for technology-driven initiatives in consultation with the CSIR Director General.
Director Ramanuj Narayan underlined CSIR-IMMT’s expertise in research and technology solutions for the mining, minerals, and metals sectors, with a particular focus on critical minerals. He expressed optimism that the Centre of Excellence would drive innovation and support India’s long-term goals in mineral self-reliance.
This collaboration represents a strategic convergence of energy and mining expertise, aimed at strengthening India’s capabilities in critical mineral exploration and processing, while leveraging advanced technologies for sustainable resource development.
