NLC India Limited (NLCIL) has recently informed exchanges that the company has signed a Memorandum of Understanding (MoU) with IREL (India) Limited on May 6, 2025. This collaboration marks a significant step forward in tapping both domestic and international opportunities in the mining and refining of critical minerals and REEs.
The MoU outlines the cooperation and collaboration between NLCIL and IREL in the development of mutually agreed mineral assets. The areas of focus include mining, excavation, refining, and raw material sourcing from both domestic and international markets.
This strategic partnership aligns with the Government of India’s vision to enhance self-reliance in the critical minerals space. Public Sector Enterprises (PSEs) are being actively encouraged to invest in and acquire critical mineral assets, ensuring a stable supply chain for key sectors like renewable energy, electronics, defense, and electric mobility.
