MoU6 May 2025, 08:47 pm
NLC India Ltd Signs MoU with IREL for Critical Minerals Development
AI Summary
NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with M/s. IREL (India) Limited on 06.05.2025. The MoU aims to cooperate and collaborate for development of mutually agreed assets of critical mineral in general including REE by acquiring assets / sourcing raw materials domestically or internationally. This move aligns with the government's encouragement for public sector enterprises to acquire Critical Minerals Assets, focusing on both domestic and international acquisitions. NLCIL is actively pursuing opportunities in the Critical Minerals and Rare Earth Elements (REE) sector, as per the Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- NLC India Ltd and IREL sign MoU for critical minerals development
- MoU aims to acquire assets/source raw materials domestically or internationally
- Move aligns with government's encouragement for public sector enterprises to acquire Critical Minerals Assets
- NLCIL actively pursuing opportunities in Critical Minerals and REE sector
- In compliance with Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015