Engineers India Limited (EIL) has signed a Memorandum of Agreement (MoA) with Hindustan Copper Limited (HCL) on June 22, 2026, to provide consultancy and technical services across the copper producer's vertically integrated operations. The MoA was formalised at EIL's corporate office in New Delhi in the presence of HCL Chairman and Managing Director Sanjiv Kumar Singh along with senior officials from both organisations.
Under the agreement, EIL will support HCL's operations spanning mineral exploration, end-to-end mining, smelting, refining, and downstream extraction. The scope of work includes consultancy, engineering, project management, safety and integrity studies, sustainability, and advanced technical solutions focused on copper, critical minerals, and rare earth elements.
The MoA builds on the long-standing partnership between the two public sector enterprises. HCL, a public sector undertaking under the Ministry of Mines, is the only vertically integrated copper producer in India. EIL is a Navratna company under the Ministry of Petroleum and Natural Gas with over five decades of experience in engineering and consultancy.
The agreement extends EIL's service portfolio into the metals and minerals segment, specifically covering critical minerals and rare earth elements. These minerals are essential inputs for clean energy technologies, electronics, and defence applications, and the government has been prioritising domestic supply chains for these resources.
EIL provides engineering and consultancy services across the hydrocarbon, petrochemical, and infrastructure sectors. This engagement with HCL marks EIL's deeper entry into the non-hydrocarbon segment and diversifies its revenue base into the mining and metals value chain. The MoA covers technical solutions across the entire copper value chain from exploration to downstream extraction.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.