Current Affairs - Business - Discussion

Singareni Collieries Company Limited (SCCL) has taken a significant step by signing a memorandum of understanding with the Institute of Minerals and Materials Technology (IMMT), based in Bhubaneswar. This agreement allows SCCL to enter the critical minerals sector, focusing on the exploration and production of valuable resources using advanced technologies. These critical minerals are vital for various high-tech and clean energy applications. Through this MoU, SCCL aims to enhance its resource base and contribute to the strategic mineral supply chain, underlining the growing importance of indigenous capabilities in securing future mineral needs.