Building on their long-standing partnership, Hindustan Copper Limited (HCL) and Engineers India Limited (EIL) signed a Memorandum of Agreement (MoA) on June 22, 2026, to provide consultancy, engineering, and advanced technical solutions for the copper and rare earth elements sectors. The agreement, formalized at EIL's Corporate Office in New Delhi, aims to support HCL's vertically integrated operations spanning from mineral exploration to downstream extraction. This strategic partnership leverages EIL's expertise in engineering consultancy and project management to bolster HCL's capabilities in critical minerals.

Scope of the Agreement

The MoA outlines a comprehensive framework for collaboration across several key service areas. HCL will engage EIL for a variety of technical and strategic services to enhance its operational efficiency and project execution.

Strategic Focus on Critical Minerals

Copper and rare earth elements are vital for modern industrial and technological applications. By combining their strengths, HCL and EIL intend to deliver integrated solutions across the value chain for these critical materials. The collaboration focuses on supporting HCL's expansive operations, which include end-to-end mining, smelting, refining, and downstream extraction processes.

Key Highlights

• The agreement covers consultancy and engineering services for copper and rare earth element projects.
• Project management and safety and integrity studies form core components of the collaboration framework.
• Advanced technical solutions and sustainability initiatives are included as distinct areas of joint focus.
• The MoA was signed in the presence of HCL Chairman and Managing Director Shri Sanjiv Kumar Singh and senior officials from both organizations.

This collaboration underscores the increasing strategic importance of copper and rare earth elements in industrial development, with both companies committing their combined expertise to deliver comprehensive solutions in this domain.

The Ministry of Petroleum & Natural Gas has approved the extension of additional charge of Chairman & Managing Director at engineers india to Shri Praveen M. Khanooja. The appointment is extended for a period of three months effective June 1, 2026, or until the appointment of a regular incumbent to the post or until further orders, whichever is the earliest.

Shri Praveen M. Khanooja serves as Additional Secretary in the Ministry of Petroleum & Natural Gas. The decision was communicated via a letter dated June 3, 2026, from the Government of India. The extension follows the ministry's previous correspondence dated March 3, 2026, regarding the initial assignment of the additional charge.

The regulatory filing was submitted to the stock exchanges on June 3, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The approval ensures continuity in the leadership role at Engineers India Limited pending the appointment of a regular Chairman & Managing Director.