NLC India rose 2% after being named the preferred bidder for a phosphorite and limestone block in Chhattisgarh.
Why it matters: this gives NLC a strategic entry into the critical materials game, expanding beyond its core lignite and power biz. It follows an 810 MW solar PPA in Rajasthan and a fresh MoU with Indian Rare Earths Limited (IREL) for minerals—a clear pivot into new growth engines.
Zoom out: India is one of the largest limestone producers globally and is seeing rising demand from the cement, steel, and construction sectors. On the other hand, phosphorite, vital for fertilisers, is largely imported, making domestic mining a key step toward resource security and Atmanirbhar Bharat goals.
With this win, NLC is clearly stepping beyond power and into India’s materials supply chain future.
