Question

    Consider the following statement about Khanij Bidesh

    India Ltd. (KABIL): I. is to be set up with the participation of three Central Public Sector Enterprises. II. The equity participation is between NALCO, HCL and MECL is in the ratio of 40:30:30. III. KABIL has signed three MoUs with JEMSE, CAMYEN and YPF (Govt. Companies of Argentina) in July – Sep, 2020 to explore sourcing of lithium and other mineral assets in Argentina. Which of the above statement is/are correct?
    A II only Correct Answer Incorrect Answer
    B I only Correct Answer Incorrect Answer
    C I and II both Correct Answer Incorrect Answer
    D II and III both Correct Answer Incorrect Answer
    E I, II and III Only Correct Answer Incorrect Answer

    Solution

    KABIL has signed three MoUs with JEMSE, CAMYEN and YPF (Govt. Companies of Argentina) in July – Sep, 2020 to explore sourcing of lithium and other mineral assets in Argentina’s in la Aguada and El Indio in Catamarca. A joint venture company namely Khanij Bidesh India Ltd. (KABIL) is to be set up with the participation of three Central Public Sector Enterprises namely, National Aluminium Company Ltd.(NALCO), Hindustan Copper Ltd.(HCL) and Mineral Exploration Company Ltd. (MECL).

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