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NALCO’s KABIL and CSIR-NGRI ink MoU for collaborative geophysical investigations
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Shares of National Aluminium Company Ltd ended at ₹187.90, up by ₹4.80, or 2.62% on the BSE.
State-owned National Aluminium Company Ltd (NALCO) on Wednesday (April 24) said Khanij Bidesh India Ltd (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI).
The MoU aims to foster long-term collaboration between KABIL and CSIR-NGRI in the field of geophysical investigations to bolster ongoing projects and activities related to critical and strategic minerals.
The agreement, signed by Sadashiv Samantaray, Director (Commercial) of NALCO and CEO of KABIL, and Dr Prakash Kumar, Director of CSIR-NGRI, signifies a commitment to joint efforts in geophysical, geochemical, and geological surveys, as well as data analysis, interpretation, and modelling.
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The signing ceremony took place at the NALCO Corporate Office in Bhubaneswar, in the presence of Sridhar Patra, CMD of NALCO and Chairman of KABIL. Patra expressed optimism about the collaboration, highlighting its potential to drive innovation and provide actionable insights for KABIL’s ongoing projects.
KABIL is a joint venture company of three Indian public sector undertakings namely National Aluminium Company Ltd, Hindustan Copper Ltd (HCL) and Mineral Exploration and Consultancy Ltd (MECL), under the aegis of the Ministry of Mines.
Shares of National Aluminium Company Ltd ended at ₹187.90, up by ₹4.80, or 2.62% on the BSE.
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