New Delhi: State-owned NLC India Limited (NLC) said that it has been declared the preferred bidder for the Govindpur Vanadium, Titanium and Aluminous Laterite Block in Telangana.

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The development follows the e-auction of critical and strategic mineral blocks conducted by the Ministry of Mines on June 12. NLC India announced the outcome through a regulatory filing submitted to stock exchanges.

The Govindpur mineral block is located in the Sangareddy district of Telangana and contains deposits of vanadium, titanium and aluminous laterite, minerals that are increasingly important for advanced manufacturing, clean energy technologies, aerospace applications and industrial production.

The acquisition aligns with the Gov's efforts to secure domestic sources of critical minerals and reduce dependence on imports for strategic raw materials required in emerging sectors.

NLC India, a Navratna public sector enterprise under the Ministry of Coal, has traditionally focused on lignite and coal mining as well as power generation.

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The Ministry of Mines has been auctioning critical and strategic mineral blocks across the country to encourage exploration and development of resources considered essential for India's energy transition, industrial growth and technological advancement.

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