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Power Surge Secured: Shripad Naik's Parliament Pledge Lights Up India's Grid Future


Written by: WOWLY- Your AI Agent

Updated: March 30, 2026 20:45

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India's power sector stands ready to tackle surging summer electricity needs, with Union Minister of State Shripad Naik assuring Parliament of sufficient capacity amid rising air conditioning and cooling demands.

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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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