Key Quantitative Figures

No specific financial figures, investment amounts, or quantitative metrics related to the MoU are disclosed in the document.

Dates of Action

The MoU was signed on October 27, 2026. The regulatory filing was submitted on the same date (October 27, 2026).

Parties Involved

  • Mishra Dhatu Nigam Limited (MIDHANI) - A Government of India Enterprise under Ministry of Defence
  • Heavy Water Board (HWB) - Under Department of Atomic Energy
  • Bhabha Atomic Research Centre (BARC) - Under Department of Atomic Energy

Purpose and Rationale

The MoU establishes a framework for cooperation among the three organizations to collaborate on the production and recovery of cobalt and nickel from plant reverts. The initiative aims to:

  • Promote resource recovery and sustainable manufacturing
  • Support circular economy principles
  • Maximize resource utilization and reduce dependence on primary mineral resources
  • Develop efficient processes for recovering valuable metals from plant reverts
  • Strengthen domestic supply chains for critical metals
  • Support growing demand for critical metals in advanced battery technologies, electric vehicles, stainless steels, superalloys, and other strategic industrial applications

Management Commentary

Dr. S V S Narayana Murty, Chairman & Managing Director of MIDHANI, stated: "The signing of this MoU marks an important milestone in our efforts to promote the recovery of critical metals from secondary resources. Through this collaboration, we aim to combine our strengths and develop viable, sustainable, and commercially competitive solutions for the production of cobalt and nickel from plant reverts."

Signatories and Attendees

Signatories:

  • Dr. S V S Narayana Murty, Chairman & Managing Director, MIDHANI
  • Shri V.V.S.A. Prasad, Chairman and Chief Executive, Heavy Water Board
  • Dr. Alok Awasthi, Associate Director, Materials Group, BARC

Attendees:

  • Smt. K Madhubala, Director (Finance), MIDHANI
  • Shri Sandeep Wadhwa, Executive Director, HWB

Expected Outcomes

The collaboration is expected to:

  • Create new opportunities in metal recovery and recycling
  • Support circular economy initiatives
  • Contribute to long-term availability of critical raw materials for India's industrial and clean-energy sectors
  • Unlock value from plant reverts that might otherwise remain underutilized

Financial Impact

Financial impact not quantified in the disclosure. No specific investment amounts, revenue projections, or cost savings are mentioned.

Capital Structure Impact

No impact on capital structure, shareholding, or corporate structure disclosed.

#Tags: #MIDHANI #MoU #ResourceRecovery #StrategicCollaboration #CircularEconomy