State-run Hindustan Copper Ltd (HCL) announced on Monday that it has signed a Memorandum of Understanding (MoU) with Coal India Ltd (CIL) to jointly identify and assess opportunities in the copper and critical minerals sectors.

As part of the agreement, Coal India will also explore potential collaborations with leading global companies in these areas.

In a filing to the BSE, HCL clarified that the MoU does not create a legally binding relationship between the parties, in accordance with the terms outlined in the agreement.