Khanij Bidesh India Limited (KABIL)

Khanij Bidesh India Limited (KABIL) Latest News

State-owned Khanij Bidesh India Limited (KABIL) recently received environmental clearance from the Argentine govt for deep exploration of five brine lithium blocks in the South American country.

About Khanij Bidesh India Limited (KABIL)

• It is a joint venture company of three Central Public Sector Enterprises, namely, National Aluminium Company Ltd. (NALCO), Hindustan Copper Ltd. (HCL), and Mineral Exploration and Consultancy Ltd. (MECL) in the ratio of 40:30:30.
• It was incorporated on 08.08.2019 under the Companies Act 2013, with an objective to identify, explore, and acquire overseas mineral deposits & bring strategic minerals into India. 
• It is under the aegis of the Ministry of Mines, Government of India.
• The company is currently focusing on two prime critical and strategic minerals, i.e., Lithium and Cobalt, and significant projects are underway in Argentina, Australia, and Chile. 
• The authorized capital of the Company is Rs. 500 crore, and paid-up capital is Rs. 100 crore.
• Amongst the three promoters, NALCO is one of the largest integrated primary producers of aluminum in Asia, HCL is India’s only vertically integrated copper producer, whereas MECL is one of the largest mineral exploration agencies of India.
• The registered office of KABIL is situated in New Delhi and managed by the lead partner NALCO. 

Source: TOI

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