NLC India eyes critical mineral mining capacity of 1 MTPA by FY30

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The story "NLC India eyes critical mineral mining capacity of 1 MTPA by FY30" was covered 7 hours ago by Business Standard, a news publisher based in India.

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NLC India eyes critical mineral mining capacity of 1 MTPA by FY30 - Business Standard

Quick Summary:

Having critical mineral capacity assumes significance amid increasing demand of these resources for a wide range of activities from semiconductor manufacturing to renewable energy projects, including those related to production of solar panels, wind turbines and advanced batteries for storage and transportation.

State-owned NLC India has said it is in the process of participating in the upcoming auctions of critical mineral resources and aims to achieve the annual capacity of mining one million tonnes of such materials by 2029-30.

NLC India's core business include mining of coal and lignite as well as power generation.