NLC India shares surged 4% following the company's announcement of securing the Govindpur Vanadium, Titanium & Aluminous Laterite Block in Sangareddy district, Telangana. According to Moneycontrol, the company informed exchanges that it has been declared the preferred bidder for this critical minerals block following the Critical & Strategic Mineral Blocks e-auction conducted by the Ministry of Mines, Government of India, on June 11, 2026. As of June 15, 2026, shares were trading at ₹316.15, up 1.97% from the previous close of ₹310.05 on the BSE. The stock had earlier hit an intraday high of ₹319.75 during the week's last trading session, with a combined total of nearly 8.2 million equity shares worth approximately ₹285 crore exchanging hands on the NSE and BSE. The company's market capitalisation stood at ₹43,838.52 crore as of June 15, 2026. The share price jumped more than 33% in the last one-year, with the stock touching a 52-week high of ₹387.70 on May 14, 2026, and hitting a 52-week low of ₹220.25 on June 20, 2025.
NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi, to collaborate on critical and strategic mineral beneficiation and extraction technologies. According to reports from CNBC TV18, the agreement was signed on 10 June 2026 at Neyveli as part of efforts to advance the objectives of the Government of India's National Critical Mineral Mission. The MoU was formalised by Shri I.S. Jasper Rose, Executive Director (Mines & Land) at NLCIL, and Dr. K. Ramesha, Director of CSIR-CECRI, in the presence of several key figures from NLCIL, including Chairman and Managing Director Shri Prasanna Kumar Motupalli.
Under the partnership, detailed studies will be carried out 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. As reported by CNBC TV18, the collaboration will also evaluate similar opportunities across NLCIL's other mining and exploration projects. The partnership aims to develop sustainable and economically viable technologies for resource recovery from secondary sources. NLCIL has been actively involved in the exploration and development of critical and strategic minerals, with a focus on both primary and secondary sources, and is part of a committee constituted by NITI Aayog to assess the potential recovery of such minerals from secondary resources, including mine waste and tailings.
Chairman and Managing Director Prasanna Kumar Motupalli stated that the collaboration between NLCIL and CSIR-CECRI would strengthen research efforts focused on the beneficiation and extraction of Rare Earth Elements (REEs) and other critical minerals associated with overburden, tailings and other secondary resources. According to Business Standard, he added that the partnership would facilitate the development of innovative and sustainable technologies to unlock the value of these resources, contribute to the objectives of the National Critical Mineral Mission, and align with the Hon'ble Prime Minister's vision of Viksit Bharat 2047 by strengthening India's self-reliance in critical minerals, fostering technological innovation, and enabling a secure and sustainable energy future. Dr. K. Ramesha of CSIR-CECRI highlighted the long-standing presence of both organisations in Tamil Nadu and expressed confidence in the partnership's potential to yield meaningful research outcomes and technological advancements, with this strategic collaboration expected to support India's efforts towards resource security and self-reliance in critical mineral supply chains.
In a separate development, Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture between NLC India (51 percent stake) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) (49 percent stake), announced the successful commercial operation declaration (COD) of Unit-3 with a capacity of 660 MW at the Ghatampur Thermal Power Project. According to Moneycontrol, the development follows the successful participation of the company in the e-auction of critical and strategic mineral blocks conducted by the Ministry of Mines, Government of India. Earlier this month, the Government of India announced an Offer for Sale (OFS) to divest up to a 3 percent stake in the state-run miner at a floor price of ₹303 per share.
