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Bloomberg Quint

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NLC India In Advanced Talks With Russian Firm For Sourcing Lithium

  • 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.

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