MOIL, an Indian miner, is in early negotiations for international assets to secure critical battery minerals like copper, nickel, and vanadium.
They are considering deals with companies in Finland, Australia, South Africa, and Indonesia to diversify their mineral portfolio.
MOIL is also targeting a production ramp-up to 3.5 million tonnes by 2030 and seeking to increase its domestic market share to 32% from the current 18%.
The company's revenue for FY25 was ₹1,696 crore, with a profit after tax of ₹382 crore; they are also working on expanding their production capacity domestically, facing delays in environmental clearances.