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NLC India receives LoI for two Balod-based mines from Chhattisgarh Govt
17-Sep-2025 | 09:24
NLC India said that it has received letter of intent (LoI) from the Government of Chhattisgarh for Semhardih phosphorite & limestone block and Raipura phosphorite & limestone block of Balod, Chhattisgarh.
In May this year, the company was declared as preferred bidder for the aforementioned mines post an e-auction. The auction was held by the Ministry of Mines, Government of India.
NLC India is a public sector undertaking that is involved in lignite mining, coal mining, power generation and power trading. Government of India held 72.20% stake in the company as on 30 June 2025.
The company reported consolidated net profit jumped 42.57% to Rs 797.59 crore on a 13.24% increase in revenue from operations to Rs 3,825.61 crore in Q1 FY26 over Q1 FY25.
The scrip lost 0.21% to currently trade at Rs 261.55 on the BSE.
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