NLC India is in advanced talks with a Russian government-owned company to source lithium from a mine in Africa.
India is strategically focusing on accessing lithium resources domestically and internationally to meet the increasing demand, notably from electric vehicle battery manufacturers.
NLC India, known for coal and lignite mining, is diversifying into renewable energy and coal mining sectors. It recently secured two mineral blocks in Chhattisgarh.
In the financial quarter ending March 2025, NLC India reported a significant increase in consolidated profit, marking a four-fold rise compared to the previous year.