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Central Government

No plan for IREL, HCL, NALCO merger with ‘National Critical Minerals Corporation’: Centre to LS

The Central government has not chalked a plan for the merger of Indian Rare Earth Limited (IREL), Hindustan Copper Limited (HCL) and National Aluminum Company Limited (NALCO) into a ‘National Critical Minerals Corporation’ to compete globally as China’s dominance comes from state-backed monopolies like China Minmetals, the minister of coal and mines, G. Kishan Reddy informed the Lok Sabha.