NLC India Gets LoI for Phosphorite and Limestone Blocks in Chhattisgarh

NLC India Limited, a Navratna Government of India enterprise, has announced that it has secured a Letter of Intent from the Government of Chhattisgarh. 

The allocation pertains to the Semhardih and Raipura Phosphorite & Limestone blocks situated in Balod district. This move is expected to enhance the company’s raw material base and support its diversification efforts.

Strengthening Resource Security

The allotment of these mineral blocks is a step towards ensuring long-term availability of raw materials required for various industrial applications. With access to phosphorite and limestone reserves, NLC India is positioned to strengthen its resource security and support its growth in allied sectors.

Strategic Importance for Expansion

The development aligns with NLC India’s broader strategy of diversifying beyond its traditional lignite mining and power generation businesses. The addition of these blocks will aid the company in expanding into mineral-based industries, providing greater stability and scope for future projects in Chhattisgarh and beyond.

Read More: NLC India Q1 FY26 Profit Jumps 48% and MoU Signed for Critical Minerals!

NLC India Share Price Performance 

As of September 17, 2025, at 9:30 AM, NLC India share price is trading at ₹261.69 per share, reflecting a decline of 0.20% from the previous closing price. Over the past month, the stock has surged by 10.82%

Conclusion

The LoI for the Semhardih and Raipura blocks marks a significant milestone for NLC India’s diversification journey. By securing access to key mineral resources, the company is laying the groundwork for stronger integration, improved self-sufficiency, and long-term business growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.