NLCIL Inks MoU with IREL for Critical Mineral Development.

NLC India Limited (NLCIL), a prominent public sector enterprise, is aggressively expanding its footprint in the crucial Critical Minerals and Rare Earth Elements (REE) sector, both domestically and on the global stage.

This strategic move aligns with the Government of India's (GoI) strong encouragement for Public Sector Undertakings (PSUs) to actively pursue the acquisition of critical mineral assets, with a clear emphasis on both internal resources and international collaborations, all within a defined timeframe.

In a significant step towards this objective, NLCIL announced the signing of a Memorandum of Understanding (MoU) with M/s. IREL (India) Limited on May 6, 2025. This collaborative agreement will see the two entities working together on the development – encompassing mining, excavation, and refining – of mutually identified critical mineral assets, including the increasingly vital REEs. The partnership will explore opportunities for acquiring assets and sourcing raw materials both within India and internationally, marking a decisive move by NLCIL into this strategically important sector.