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State-run NLC India Ltd on Saturday (June 13) said it has been declared the preferred bidder for the Govindpur Vanadium, titanium and aluminous laterite block in Sangareddy district of Telangana.
The company secured the status of preferred bidder following the e-auction of critical and strategic mineral blocks conducted by the Ministry of Mines, Government of India, on June 12, 2026.
NLC India said it emerged as the preferred bidder for the Govindpur block containing vanadium, titanium and aluminous laterite resources.
Yesterday, NLC India was declared the preferred bidder for the Parvathapur Vanadium, Titanium and Aluminous Laterite Block in Telangana.
Also Read: NLC India board okays listing of green arm NIRL, declares interim dividend
The state-run miner received the preferred bidder status following the critical and strategic mineral block e-auction conducted by the Ministry of Mines on June 11.
The block is located in the Sangareddy district of Telangana and contains minerals that are considered strategically important for sectors such as energy storage, defence, aerospace and advanced manufacturing.
The development marks another step in NLC India's efforts to diversify beyond its traditional lignite mining and power generation businesses into the critical minerals segment, which has become a key focus area under the government's National Critical Mineral Mission.
Also Read: NLC India partners CSIR-CECRI to tap rare earths from mining waste
The announcement comes days after the Government of India diluted its stake in NLC India through an Offer for Sale (OFS), where it exercised the full greenshoe option after the institutional portion was subscribed 5.22 times.
This increased the total offer size to 4.16 crore shares, or 3% of the company's equity capital, from the initially planned 2%. The OFS had a floor price of ₹303 per share, while bids in the non-retail category cleared at ₹323.10 per share.
As of the March 2026 quarter, the government held a 72.2% stake in the company. Following the OFS, the government's shareholding is expected to decline by up to three percentage points.
Also Read: NLC India joins hands with NPCIL to build nuclear power projects in India
On Friday (June 12), shares of NLC India Ltd ended at ₹316.15, down by ₹6.10, or 1.97%, on the BSE.
The company secured the status of preferred bidder following the e-auction of critical and strategic mineral blocks conducted by the Ministry of Mines, Government of India, on June 12, 2026.
NLC India said it emerged as the preferred bidder for the Govindpur block containing vanadium, titanium and aluminous laterite resources.
Yesterday, NLC India was declared the preferred bidder for the Parvathapur Vanadium, Titanium and Aluminous Laterite Block in Telangana.
Also Read: NLC India board okays listing of green arm NIRL, declares interim dividend
The state-run miner received the preferred bidder status following the critical and strategic mineral block e-auction conducted by the Ministry of Mines on June 11.
The block is located in the Sangareddy district of Telangana and contains minerals that are considered strategically important for sectors such as energy storage, defence, aerospace and advanced manufacturing.
The development marks another step in NLC India's efforts to diversify beyond its traditional lignite mining and power generation businesses into the critical minerals segment, which has become a key focus area under the government's National Critical Mineral Mission.
Also Read: NLC India partners CSIR-CECRI to tap rare earths from mining waste
The announcement comes days after the Government of India diluted its stake in NLC India through an Offer for Sale (OFS), where it exercised the full greenshoe option after the institutional portion was subscribed 5.22 times.
This increased the total offer size to 4.16 crore shares, or 3% of the company's equity capital, from the initially planned 2%. The OFS had a floor price of ₹303 per share, while bids in the non-retail category cleared at ₹323.10 per share.
As of the March 2026 quarter, the government held a 72.2% stake in the company. Following the OFS, the government's shareholding is expected to decline by up to three percentage points.
Also Read: NLC India joins hands with NPCIL to build nuclear power projects in India
On Friday (June 12), shares of NLC India Ltd ended at ₹316.15, down by ₹6.10, or 1.97%, on the BSE.
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