Joint Venture11 Sept 2025, 09:21 pm
NLC India Ltd Signs MoU with Khanij Bidesh India Limited for Global Critical Minerals Projects
AI Summary
NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with M/s. Khanij Bidesh India Limited (KABIL) on 10th September, 2025. The MoU aims to collaborate in the identification, acquisition, and development of critical & strategic mineral projects on a global scale. This move aligns with the government's encouragement for public sector enterprises to acquire critical minerals assets, both domestically and internationally.
Key Highlights
- NLC India Ltd (NLCIL) and Khanij Bidesh India Limited (KABIL) have signed an MoU for global collaboration in critical minerals projects.
- The collaboration aims to identify, acquire, and develop critical & strategic mineral projects.
- This move aligns with the government's push for public sector enterprises to acquire critical minerals assets.
- The timeline for these acquisitions is distinct and has been defined.
- NLCIL is actively pursuing opportunities in the Critical Minerals and Rare Earth Elements (REE) sector.