NLC India is awarded preferred bidder status for the Govindpur critical mineral block in Telangana.

State-owned NLC India Ltd announced on Saturday (June 13) that it has been recognized as the preferred bidder for the Govindpur block of vanadium, titanium, and aluminous laterite located in Sangareddy district, Telangana.

The company attained this status after an e-auction for critical and strategic mineral blocks held by the Ministry of Mines, Government of India, on June 12, 2026.

NLC India stated that it has been selected as the preferred bidder for the Govindpur block, which contains valuable vanadium, titanium, and aluminous laterite resources.
On the previous day, NLC India was also named the preferred bidder for the Parvathapur Vanadium, Titanium, and Aluminous Laterite Block in Telangana.

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The state-run operator was awarded the preferred bidder status following the e-auction of critical and strategic mineral blocks conducted by the Ministry of Mines on June 11.

This block is situated in Sangareddy district and contains minerals deemed strategically important for sectors such as energy storage, defense, aerospace, and advanced manufacturing.

This development represents another milestone in NLC India’s strategy to extend its reach beyond its traditional lignite mining and power generation activities into the critical minerals sector, which has become a primary focus under the government’s National Critical Mineral Mission.

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This announcement follows shortly after the Government of India reduced its stake in NLC India through an Offer for Sale (OFS), exercising the full greenshoe option after the institutional portion was oversubscribed by 5.22 times.

This adjustment increased the total offer size to 4.16 crore shares, or 3% of the company’s equity capital, up from an initially planned 2%. The OFS was priced with a floor of ₹303 per share, while non-retail bids were cleared at ₹323.10 per share.

As of the March 2026 quarter, the government held a 72.2% stake in NLC India. Post-OFS, the government’s ownership is projected to decrease by up to three percentage points.

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On Friday (June 12), shares of NLC India Ltd concluded at ₹316.15, a decline of ₹6.10, or 1.97%, on the BSE.