NLC India Limited (NLCIL) shares surged more than 3% on Friday after the company announced the signing of a significant Memorandum of Understanding (MoU) with Khanij Bidesh India Limited (KABIL) on September 10, 2025. As of 9:20 AM, the shares were trading 2.40% higher at Rs 262.40.
The collaboration marks NLCIL’s entry into the fast-growing Critical Minerals and Rare Earth Elements (REE) sector, both within India and overseas. Under the agreement, NLCIL and KABIL will work together to identify, acquire, and develop strategic mineral projects across the globe.
The move is in line with the Government of India’s push for public sector enterprises to secure critical mineral assets—essential for clean energy, electric vehicles, semiconductors, and other high-tech industries. The government has laid out clear timelines for domestic and international acquisitions in this domain.
The partnership is expected to strengthen India’s resource security, reduce import dependence, and open up new growth avenues for NLC India. Investors welcomed the development, leading to a sharp uptick in the company’s stock price.
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