NLC India Limited Secures Composite Licenses for Chhattisgarh Mineral Blocks
NLC India Limited (NLCIL), a Government of India Enterprise and 'Navratna' company, has secured the composite license for critical mineral exploration in the Balod District of Chhattisgarh. The company confirmed that it was granted the requisite licenses by the Mineral Resources Department, Government of Chhattisgarh, for both the Semhardih Phosphorite & Limestone Block and the Raipura Phosphorite & Limestone Block.NLCIL’s successful tenure began with its participation in the Tranche-V auction of Critical and Strategic Minerals, which was conducted by the Ministry of Mines. At the auction, NLCIL emerged as the Preferred Bidder for the two mineral blocks in the Balod District, Chhattisgarh, on May 27, 2025.
The company has successfully moved through several key milestones to secure its operational rights in the blocks.
A timeline of the key developments related to the mineral rights is as follows:
| Milestone | Date | Detail |
|---|---|---|
| Performance Securities Submission | 10.06.2025 | Submitted performance securities for both blocks to the Government of Chhattisgarh. |
| Letter of Intent (LoI) for Composite Licence | 02.09.2025 | Received LoI for Composite Licence from the State Government of Chhattisgarh. |
| Submission of Scheme of Prospecting | 30.03.2026 | Prepared and submitted the Scheme of Prospecting to the Director of Geology and Mining, Govt. of Chhattisgarh. |
| Composite Licence Grant | 24.04.2026 | Granted composite licence for both blocks by Mineral Resources Department, Govt. of Chhattisgarh, vide letter Nos. LAND-4401/29/2025-MRD and LAND-4401/30/2025-MRD. |
The grant of the composite license, issued on April 24, 2026, permits NLCIL to conduct detailed geological exploration within the Semhardih Phosphorite & Limestone Block and the Raipura Phosphorite & Limestone Block.
NLCINDIA Stock Price Movement
On Friday, NLC India Limited shares gained 1.04% to settle at ₹299.10, closing up ₹3.10 for the session. The stock finished the day trading on strong interest, supported by a total volume of 5.92 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.