NLC India and IREL Sign MoU to Develop Critical Minerals and Rare Earth Assets

A Coal CPSE, NLC India Limited has signed a Memorandum of Understanding (MoU) with M/s. IREL (India) Limited on 06.05.2025 to cooperate and collaborate for development (Mining/Excavation/Refining etc.) of mutually agreed assets of critical mineral in general including REE by acquiring assets /sourcing raw materials domestically or internationally.

IREL Limited is an Indian Public Sector Undertaking based in Mumbai, Maharashtra. It specializes in mining and refining rare earth metals. It has installed capacity to process about 10,000 MT of rare earth bearing mineral.

NLC India Limited (NLCIL) is actively pursuing opportunities in the Critical Minerals and Rare Earth Elements (REE) sector, both within India and internationally.

Moreover, Public Sector enterprises are encouraged by the GoI for acquiring Critical Minerals Assets, focusing on both domestic and international acquisitions, along with a distinct timeline, the company stated in the exchange filing.