Hindustan Copper signs MoU with MOIL to create business synergy

State-run Hindustan Copper Ltd (HCL) on Monday said it has signed an MoU with Manganese Ore (India) Ltd (MOIL), to create long term business synergy for both the Central Public Sector Enterprises.

The agreement was inked by HCL's Chairman and Managing Director Santosh Sharma and MOIL's chief Mukund Chaudhary.

According to a statement, the MoU was signed on Sunday at Malanjkhand Copper Project located at Madhya Pradesh's Balaghat district and in terms of the agreement, the MOIL will procure its entire requirement of silica sand, used for backfilling of its mines, from HCL's unit.

High grade silica sand is an outcome of the beneficiation of copper ore tails, a waste generated during copper beneficiation process at Malanjkhand Copper Project.

"A copper ore tailing (COT) beneficiation plant is going to be commissioned at Malanjkhand by HCL which is expected to generate high grade silica sand to the tune of 5,500 tonnes per day. This sand will be suitable for road making, construction of building, etc. and is also likely to be used in glass industries after further refining," the statement said.

This project is in sync with promoting business synergy among the Public Sector Enterprises as advised by Prime Minister Narendra Modi.

--IANS

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