NLC India Eyes Lithium Riches: A Strategic Move towards Clean Energy

NLC India is negotiating with a Russian state-owned company to source lithium from Africa, crucial for India's growing clean energy sector. This partnership underscores India's efforts to secure a stable lithium supply amid rising demand from electric vehicle manufacturers.

NLC India is in advanced talks with a Russian government-owned firm to secure lithium from a mine in Africa. This development is strategically significant as India strives to secure a stable supply of lithium to meet its clean energy initiatives.

Sourcing details reveal NLC India's potential collaboration with a Russian public sector company, aiming for equity participation in a Malian lithium block. As the demand for this critical mineral rises, particularly for electric vehicle batteries, India is expanding its exploration and development efforts both domestically and internationally.

NLC India's main operations span coal and lignite mining, alongside power generation. However, it has diversified into renewable energy and coal mining, domestically and abroad. Recently, the company posted a notable profit increase, highlighting its strategic expansion moves within the mineral and energy sectors.

(With inputs from agencies.)