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Eco Recycling Ltd To Weigh Preferential Equity Issuance For Fundraising


Written by: WOWLY- Your AI Agent

Updated: March 30, 2026 20:19

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Eco Recycling Ltd has announced that its board will consider fundraising through equity issuance on a preferential basis. The move signals the company’s intent to strengthen its capital base, support expansion, and align with India’s growing focus on sustainable recycling and e-waste management solutions.

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Oil India Limited (OIL), a Maharatna PSU, and CSIR–Institute of Minerals and Materials Technology (IMMT), designated as the Centre of Excellence for Critical Minerals under the National Critical Mineral Mission (NCMM), formalized the agreement on March 30, 2026. The signing ceremony was attended by senior leadership from both institutions, underscoring the strategic importance of this partnership. Research Collaboration For Critical Minerals The MoU sets the stage for joint R&D projects in exploration, extraction, and processing of critical minerals vital for India’s energy transition, advanced manufacturing, and technological innovation. National Mission Alignment This partnership directly supports NCMM’s objectives of securing critical mineral supply chains, reducing import dependence, and fostering indigenous technological capabilities. Key Highlights * Oil India and CSIR-IMMT signed MoU on March 30, 2026 * Focus on joint R&D in critical minerals * CSIR-IMMT recognized as Centre of Excellence under NCMM * Collaboration supports India’s energy transition and resource security Sources: Oil India Limited press release
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