NLC India Limited signed a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI) on June 10, 2026, at Neyveli to foster collaboration in the field of critical and strategic minerals beneficiation and extraction technologies. The agreement aligns with the Government of India's National Critical Mineral Mission and aims to develop sustainable technologies for resource recovery from secondary sources. This partnership supports India's self-reliance in critical minerals, contributing to the Hon'ble Prime Minister's vision of Viksit Bharat 2047.

Strategic Collaboration and Objectives

The partnership brings together the operational expertise of NLC India with the scientific capabilities of CSIR-CECRI. The primary focus is on undertaking detailed studies of overburden materials and tailings generated from NLC India's Neyveli Mines to assess the potential for extraction and recovery of Rare Earth Elements (REEs) and other trace elements. The collaboration will also explore similar opportunities across other mining and exploration projects of NLC India.

Alignment with National Goals

NLC India has been actively pursuing opportunities in the exploration and development of critical and strategic minerals from both primary and secondary sources. The Chairman and Managing Director of NLC India is a member of the committee constituted by NITI Aayog to examine the potential recovery of these minerals from secondary resources such as overburden, lignite, coal, mine waste, and tailings.

Leadership Statements

Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India, emphasized that the collaboration would strengthen research efforts towards the beneficiation and extraction of REEs and other critical minerals. He noted that the partnership aligns with the Hon'ble Prime Minister's vision of Viksit Bharat 2047 by strengthening India's self-reliance in critical minerals. Dr. K. Ramesha, Director of CSIR-CECRI, expressed confidence that the strategic partnership would lead to meaningful research outcomes and technological advancements, supporting India's resource security.

The Government of India, acting through the Ministry of Coal, will sell up to 3% of its stake in NLC India Limited via an Offer for Sale (OFS) on June 9 and June 10, 2026. The Seller has decided to exercise the oversubscription option, increasing the total offer size to 4,15,99,098 equity shares, representing 3.00% of the total paid-up equity share capital as on March 31, 2026. The floor price for the offer is set at ₹303 per share.

The offer comprises a base size of 2,77,32,732 equity shares (2.00%) and an additional 1,38,66,366 equity shares (1.00%) under the oversubscription option. Consequently, 41,59,911 equity shares, representing 10% of the total offer, will be available for the retail category on T+1 Day, subject to receipt of valid bids. The transaction will be conducted through a separate window on BSE Limited and National Stock Exchange of India Limited.

Offer Timeline and Bidding

Bidding for non-retail investors opened on June 9, 2026 (T Day). Retail investors and eligible employees may place their bids on June 10, 2026 (T+1 Day). Non-retail investors have the option to carry forward their un-allotted bids to the T+1 Day for allocation to the unsubscribed portion of the retail category. The offer includes specific reservation norms, with a minimum of 25% of the offer shares reserved for mutual funds and insurance companies.

Employee Reservation

Up to 25,000 equity shares may be offered to eligible employees of the Company. Eligible employees may apply for equity shares up to ₹500,000; however, bids will be considered for allocation initially for amounts up to ₹200,000 only. Allocation will be made on a price priority basis at multiple clearing prices, with retail investors having the option to bid at the cut-off price.

Key Offer Parameters

Settlement and Conditions

Settlement for bids received from the non-retail category on T Day will take place on T+1 Day. For bids received on T+1 Day from retail investors, employees, and non-retail investors carrying forward bids, settlement is scheduled for T+2 Day. Non-institutional investors are required to deposit 100% of the bid value upfront, whereas institutional investors have the option to place bids without upfront payment. The Seller reserves the right to withdraw the offer at any time prior to the opening of the offer on T Day.