NLC India Limited, a 'Navratna' Government of India Enterprise, has announced a significant change in its senior management. Shri Prabhu Kishore Kavuru, who served as an Executive Director and was part of the company's Senior Management Personnel, has retired from his position.

Retirement Details

According to the company's official communication to the National Stock Exchange of India Ltd. and BSE Ltd., Shri Prabhu Kishore Kavuru's tenure as Executive Director concluded on July 31, 2025. The retirement comes as Shri Kavuru reached the age of superannuation, marking the end of his service with NLC India Limited.

Company Disclosure

NLC India Limited, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, formally notified the stock exchanges about this change in leadership. The company provided the following details as part of its disclosure:

About NLC India Limited

NLC India Limited, formerly known as Neyveli Lignite Corporation Limited, is a government-owned lignite mining and power generating company. As a 'Navratna' enterprise, it holds a significant position in India's energy sector. The company's registered office is located in Chennai, while its corporate office is situated in Neyveli, Tamil Nadu.

This leadership change comes as part of the natural progression in the company's management structure, aligning with standard retirement practices in public sector enterprises.

NLC India Limited has duly informed both stock exchanges about this change in senior management personnel, ensuring transparency and compliance with regulatory requirements.

NLC India , a Navratna public sector undertaking, is making strategic moves to secure its position in the critical minerals market as global supply chains face disruptions due to China's export curbs on rare earth elements. The company is actively exploring overseas opportunities for sourcing these valuable resources, essential for various industries including home appliances and electric vehicles.

Preliminary Discussions Underway

CMD Prasanna Kumar Motupalli revealed that NLC India has initiated preliminary talks for acquiring lithium blocks in Mali, West Africa, and copper and cobalt mines in the Republic of Congo. These discussions are in the early stages, with non-disclosure agreements expected to be signed this month, marking a significant step in the company's international expansion plans.

Ambitious Production Goals

NLC India has set an ambitious target to produce one million metric tonnes of critical minerals over the next five years. This goal encompasses both domestic and overseas sources, highlighting the company's commitment to becoming a major player in the critical minerals sector.

Government Support

The mines and coal ministries have advised NLC India to aggressively pursue exploration and mining of critical mineral blocks and rare earth elements. This guidance aligns with the government's strategy to reduce dependence on imports and secure a stable supply of these crucial resources for India's growing industrial needs.

Domestic Acquisitions

In line with its expansion strategy, NLC India has already made significant progress on the domestic front. The company successfully secured two critical mineral blocks in Chhattisgarh's Balod district through an auction process, further strengthening its portfolio.

Strategic Response to Global Challenges

NLC India's move comes at a crucial time when China, a dominant player in the rare earth elements market, has imposed restrictions on exports. This has created ripples across global supply chains, affecting industries that rely heavily on these minerals. By diversifying its sources and exploring international opportunities, NLC India aims to mitigate risks associated with supply constraints and position itself as a reliable supplier of critical minerals.

As NLC India embarks on this ambitious journey, the success of its overseas ventures and domestic projects will be closely watched by industry observers and stakeholders alike. The company's efforts could play a pivotal role in shaping India's position in the global critical minerals market and supporting the country's industrial growth aspirations.