New Delhi: State-owned NLC India Ltd on Friday said it has secured a critical mineral block in Telangana.
In a stock exchange filing, the company said NLC India has been “declared as preferred bidder for critical and strategic mineral block auctions conducted by the Ministry of Mines”.
Follow The PSUWatch Channel on WhatsApp
The company said it has been declared the preferred bidder for the Parvathapur vanadium, titanium, and aluminous laterite block in Sanga Reddy, Telangana, following the critical and strategic mineral block auction held on June 11 by the ministry.
NLC India's core business includes mining of coal and lignite as well as power generation.
State-run NLC India Ltd (NLCIL) on Thursday said it has signed a pact with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi, for collaboration in the field of critical and strategic minerals beneficiation and extraction technologies.
Under the memorandum of understanding (MoU), detailed studies will be undertaken on overburden materials and tailings generated from NLCIL's Neyveli Mines to assess the potential for extraction and recovery of rare earth elements (REEs) and other trace elements.
Follow PSU Watch on LinkedIN
Both parties will also explore similar opportunities across other mining and exploration projects of NLC India, with the objective of developing sustainable and economically viable technologies for resource recovery from secondary sources.
(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated.)