NLCINDIA · price
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NLC India Limited has signed a Memorandum of Understanding with IIT (Indian School of Mines) Dhanbad's Technology Innovation Hub (TEXMiN) to collaborate on critical and strategic mineral exploration, research, and technology development. The partnership aligns with the Government of India's National Critical Mineral Mission and aims to strengthen indigenous capabilities in critical mineral value chains, including Rare Earth Elements (REE). NLCIL has already secured two Critical Mineral Blocks through auction and is pursuing additional assets domestically and overseas. The collaboration will focus on exploration, Beneficiation, and extraction technologies from both primary and secondary mineral resources.
This strategic partnership enhances NLCIL's positioning in the growing critical minerals sector and supports India's clean energy and strategic industry objectives. It signals the company's diversification beyond lignite mining into high-value mineral resources, potentially strengthening its long-term growth prospects.