In a strategic move to strengthen India’s presence in the critical minerals and rare earth elements (REE) sector, NLC India Limited (NLCIL), a Navratna Coal Central Public Sector Enterprise (CPSE), has signed a Memorandum of Understanding with IREL (India) Limited, a leading government-owned entity in rare earth mining and refining.
The MoU outlines cooperation and collaboration between the two PSUs for the development, mining, excavation, and refining of mutually identified assets of critical minerals, including rare earth elements. The partnership aims to leverage the expertise and infrastructure of both organizations to acquire, develop, and source critical mineral assets from both domestic and international markets.
IREL (India) Limited, headquartered in Mumbai, Maharashtra, has an established track record in the rare earth sector with an installed capacity to process approximately 10,000 metric tonnes of rare earth-bearing minerals. The company plays a vital role in supporting India’s strategic industries, including defense, electronics, renewable energy, and electric mobility.
NLCIL, traditionally engaged in lignite mining and power generation, is actively expanding into the critical minerals space, recognizing their importance for India’s energy security and technological advancement. The company is exploring opportunities in both the domestic and global markets to secure access to critical mineral resources necessary for green energy transition and industrial growth.
This collaboration marks a significant step in India’s pursuit of self-reliance in critical minerals and REEs, which are essential for high-tech manufacturing, renewable energy technologies, and national security applications. By joining forces, NLCIL and IREL aim to contribute meaningfully to India’s vision of Atmanirbhar Bharat (self-reliant India) and bolster the country’s supply chain resilience for strategic resources.
