NLC to invest Rs 1.25 trillion to triple power capacity

NLC India Limited has announced a Rs 1.25 trillion investment plan to increase its power generation capacity from 6.7 GW to 20 GW by 2030. The expansion will span across renewable energy, thermal power, and mining.

Out of the total capital outlay, Rs 650 billion is earmarked for renewable energy and green initiatives. This includes Rs 150 billion specifically for battery energy storage systems. Rs 450 billion is allocated for thermal power projects, and Rs 150 billion for mining operations.

The company plans to fund this investment through internal accruals, domestic loans, public offerings, and external commercial borrowings. It is also evaluating international opportunities in consulting across regions such as Sri Lanka, Bhutan, Nepal, Myanmar, Africa, and the Middle East.

Earlier this month, the board approved an investment of up to Rs 16.30 billion in its subsidiary NLC India Renewables to support ongoing renewable energy projects. It also secured a $100 million term loan in Japanese yen for capital expenditure.

In line with its renewable energy ambitions, NLC India is considering the acquisition of critical battery minerals such as vanadium, cobalt, lithium, and copper to support its storage and green energy ventures.