Key facts
- NLC India Ltd has been declared the preferred bidder for a critical mineral block in Telangana.
- The block is the Parvathapur vanadium, titanium, and aluminous laterite block.
- The auction was conducted by the Ministry of Mines.
- NLC India also signed a memorandum of understanding with CSIR-Central Electrochemical Research Institute for critical mineral extraction technologies.
State-owned NLC India Ltd announced on Friday that it has secured a critical mineral block in Telangana. The company was declared the preferred bidder for the Parvathapur vanadium, titanium, and aluminous laterite block in Sanga Reddy, Telangana, following an auction conducted by the Ministry of Mines on June 11.
In addition to securing the mineral block, NLC India has also signed a memorandum of understanding with CSIR-Central Electrochemical Research Institute (CSIR-CECRI) for collaboration in the field of critical and strategic minerals beneficiation and extraction technologies. Detailed studies will be undertaken to assess the potential for extraction and recovery of rare earth elements and other trace elements from overburden materials and tailings generated from NLCIL's Neyveli Mines. Both parties will also explore similar opportunities across other mining and exploration projects of NLC India.