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NLC India Secures Critical Mineral Block in Telangana
13 Jun
Summary
- NLC India is the preferred bidder for a critical mineral block in Telangana.
- The block contains valuable vanadium, titanium, and aluminous laterite.
- This acquisition diversifies NLC India beyond lignite and power generation.
NLC India Ltd. secured preferred bidder status on June 13, 2026, for the Govindpur block in Telangana's Sangareddy district. This follows an e-auction for critical and strategic minerals held by the Ministry of Mines on June 12, 2026. The block contains vanadium, titanium, and aluminous laterite.
This development signifies NLC India's strategic push into the critical minerals sector. It diversifies the company's portfolio beyond its established lignite mining and power generation operations. This aligns with the government's National Critical Mineral Mission.
NLC India was also declared the preferred bidder for the Parvathapur block in Telangana on June 11, 2026, which also contains strategically important minerals. These minerals are vital for sectors like energy storage, defense, and advanced manufacturing.
The recent government divestment through an Offer for Sale (OFS) saw its stake in NLC India reduce by up to three percentage points, with the offer size increasing to 3% of the company's equity capital.
