State-owned on Friday said it has secured a critical mineral block in .
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”.
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.
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.