A joint venture company namely Khanij Bidesh India Ltd. (KABIL) was set up with the participation of three CPSUs namely, National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd. (HCL) and Mineral Exploration Company Ltd. (MECL).
The equity participation between NALCO, HCL and MECL is in the ratio of 40:30:30.
Its objective is to ensure a consistent supply of critical and strategic minerals to Indian domestic market.
