India’s largest merchant iron-ore miner, NMDC Ltd is eyeing “strategic acquisition” of lithium blocks in Australia and Africa, and is carrying out “due diligence” of potential assets in these countries, the company’s Chairman-cum-Managing Director (Additional Charge) and Director of Finance, Amitava Mukherjee, told businessline.
“Our lithium quest has gained significant momentum, with encouraging preliminary findings. We’re conducting thorough reviews and due diligence on potential assets in Australia and Africa, positioning ourselves for strategic acquisitions,” he said.
