NLC India in talks with Russian firm for lithium supply from Africa mine
New Delhi: State-owned NLC India is in advanced talks with a Russian government-backed firm to secure lithium supplies from a mining block in Africa, marking a significant move in India’s efforts to strengthen access to critical minerals needed for its energy transition, according to a Times of India report.
The initiative plays a key role in ensuring a steady lithium supply as India pursues its clean energy ambitions.
According to PTI, citing sources, NLC India is negotiating equity participation with a Russian public sector company for a lithium mining block located in Mali, Africa.
India’s strategy includes both domestic and overseas exploration and development of lithium reserves, driven by rising demand from electric vehicle battery manufacturers.
NLC India’s core operations include coal and lignite mining and power generation. Over time, the public sector enterprise has diversified into renewable energy and international coal mining projects.
The company recently secured two strategic mineral blocks during the fifth auction round, acquiring phosphorite and limestone blocks in Chhattisgarh.
For the quarter ending March 2025, NLC India Ltd reported a consolidated profit of ₹468.46 crore — over four times higher than ₹113.95 crore posted in the same quarter last year.
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