NLC India advanced 2.18% to Rs 262.25 after the company announced it signed a memorandum of understanding (MoU) with Khanij Bidesh India (KABIL).
The MoU marks a step in NLC Indias strategy to expand its presence in the critical minerals and rare earth elements (REE) sector, both in India and overseas.Under the agreement, NLC India and KABIL will collaborate on the identification, acquisition, and development of strategic and critical mineral assets globally. The partnership is aimed at strengthening Indias access to key minerals essential for high-tech and clean energy industries, including electric vehicles, electronics, defense manufacturing, and renewable energy infrastructure.
NLC India is engaged in the business of mining lignite and generating power using lignite as well as renewable energy sources.
The company reported consolidated net profit jumped 42.57% to Rs 797.59 crore on a 13.24% increase in revenue from operations to Rs 3,825.61 crore in Q1 FY26 over Q1 FY25.
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