NLC India has received a Letter of Intent (LoI) from the Government of Chhattisgarh for the development of Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block of Balod, Chhattisgarh. This development marks a significant step in NLC India’s strategic expansion and diversification into new mining areas, bolstering its resource portfolio and supporting future growth initiatives.
Chhattisgarh Mining Expansion
NLC India has been granted a Letter of Intent (LoI) by the Government of Chhattisgarh for key mining blocks. The two blocks are the Semhardih Phosphorite & Limestone Block and Raipura Phosphorite & Limestone Block, both located in Balod, Chhattisgarh. This is a significant move for the company as it expands its mining footprint.
Future Implications
The acquisition of these blocks is expected to enhance NLC India’s resource base and contribute to its long-term growth strategy. With these new blocks, NLC India is positioned to strengthen its presence in the region. This development supports the company’s efforts to secure resources and expand its operations in the mining sector.
Source: BSE
