NLC India Limited has informed the Exchange regarding a press release dated May 26, 2026, titled "NLC India Limited Signs MoU with IIT(ISM) TEXMiN, Dhanbad for Critical and Strategic Mineral Exploration and Research".
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NLC India Limited has signed a Memorandum of Understanding (MoU) with IIT (Indian School of Mines) Dhanbad's Technology Innovation Hub, TEXMiN, for collaboration in critical and strategic mineral exploration, research, and technology development. The agreement was signed in the presence of the CMD and senior officials. NLC India has already secured two critical mineral blocks through transparent auction and is pursuing additional acquisitions domestically and internationally. The company is also part of a NITI Aayog committee studying recovery of critical minerals from secondary sources like overburden, lignite, and mine tailings. The partnership aims to advance Rare Earth Elements (REE) research and strengthen India's indigenous capabilities in critical mineral value chains.
The MoU positions NLC India to develop expertise and capacity in critical minerals, an area of strategic national importance aligned with the National Critical Mineral Mission. This could open new revenue streams and strengthen the company's long-term growth prospects as India pushes for mineral self-reliance.