NLC India shares will be in focus after the government-owned company said on Thursday, June 11, that it has signed a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI).
The MoU aims to advance beneficiation and extraction technologies in the field of critical and strategic minerals. NLC India has been actively pursuing opportunities in the exploration and development of critical and strategic minerals from both primary and secondary sources.
NLC India, in a regulatory filing, said that its Chairman and Managing Director is a member of the committee constituted by NITI Aayog to examine the potential recovery of critical and strategic minerals from secondary resources such as overburden, lignite or coal, mine waste, and tailings.
It added that, as part of this initiative, the company has undertaken extensive studies on the occurrence and recovery potential of rare earth elements and other trace elements from such secondary source materials.
Under the MoU, detailed studies will be conducted on overburden materials and tailings from NLCIL’s Neyveli mines to assess the potential for extraction and recovery of rare earth elements and other trace elements. The collaboration will also explore similar opportunities across other mining and exploration projects of NLCIL, with the aim of developing sustainable and economically viable resource recovery technologies from secondary sources.
Speaking on the occasion, NLC India Chairman and Managing Director Prasanna Kumar Motupalli emphasized that the collaboration between NLCIL and CSIR-CECRI would strengthen research efforts towards the beneficiation and extraction of Rare Earth Elements (REEs) and other critical minerals associated with overburden, tailings, and other secondary resources.
He also noted that the partnership would facilitate the development of innovative and sustainable technologies for unlocking the value of these resources and contribute to the objectives of the National Critical Mineral Mission.
NLC India share price
On Thursday, NLC India shares settled at ₹310.35 apiece on the National Stock Exchange, rising 0.24%.
Shares of the company have lost 5% over a month, while they have soared 32% in the past six months. From the beginning of the year, NLC India shares have rallied 22%.
Shares of the company had touched their one-year high of ₹387.80 apiece on May 14, 2026, while their 52-week low of ₹220.71 was hit on July 8, 2025.
NLC India has a total market capitalisation of ₹43,228.40 crore as of June 11, 2026, according to data on the NSE.