NLC India in Talks with Russian Firm to Source Lithium from Africa, Supporting India’s Clean Energy and EV Battery Supply Goals
In a major step toward securing critical minerals for India’s clean energy future, state-run enterprise NLC India Ltd is in advanced negotiations with a Russian government-backed entity to source lithium from mines in Africa. The deal, if finalized, will mark a significant milestone in India’s strategy to ensure a stable supply of lithium—an essential raw material for electric vehicle (EV) batteries and energy storage systems.
According to reports from PTI, the discussions involve equity participation in a lithium mining block located in Mali, a West African nation known for its untapped mineral wealth. This international collaboration is a part of India’s broader push to diversify and secure access to global lithium reserves, critical for meeting rising EV and renewable energy demands.
Strategic Minerals and the Energy Transition
Lithium has emerged as a strategic mineral vital to India’s energy transition goals. With EV adoption and battery manufacturing gaining momentum, securing reliable lithium sources is now a national priority. The deal being pursued by NLC India reflects this urgency.
“India is actively seeking both domestic and international partnerships to secure lithium and other rare earths to power its electric mobility and clean energy ambitions,” a senior official familiar with the matter said.
NLC India’s Expanding Portfolio in Energy and Mining
Primarily known for its operations in coal, lignite mining, and power generation, NLC India Ltd has been steadily expanding into renewable energy and strategic mineral exploration. In the fifth round of mineral auctions, the company successfully acquired phosphorite and limestone blocks in Chhattisgarh, strengthening its domestic resource base.
The public sector undertaking’s global outreach and diversified mineral portfolio demonstrate a strategic shift to align with the evolving energy landscape, where clean energy inputs are becoming just as important as conventional resources.
Strong Financial Performance Bolsters Expansion Plans
In parallel with its international pursuits, NLC India has reported a massive surge in profitability, posting a consolidated profit of ₹468.46 crore for Q4 FY25, a more than fourfold increase from ₹113.95 crore in the same quarter last year. This strong financial performance is expected to provide the company with added momentum to pursue critical mineral acquisitions and partnerships abroad.
Conclusion: NLC India Positions Itself as a Critical Mineral Powerhouse
With its advanced talks with a Russian partner to source lithium from African mines, NLC India is positioning itself as a key player in securing India’s clean energy supply chain. As demand for lithium-ion batteries accelerates—fueled by electric vehicles, solar energy storage, and grid-scale projects—such moves are vital for India’s energy independence and global competitiveness.By proactively investing in both domestic and global mineral assets, NLC India is not only strengthening its portfolio but also contributing to India’s ambition of becoming a self-reliant hub for EV manufacturing and battery innovation.
