NLC India Renewables is likely to launch an initial public offering (IPO) worth Rs 40 billion in the first half of FY26–27, according to sources cited by Zee Business. The company may file its draft papers with the Securities and Exchange Board of India (SEBI) by March 2026. The IPO plan comes as part of NLC India’s broader strategy to scale up renewable energy operations through its wholly owned subsidiary. The subsidiary is set to…
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…
NLC India Limited has approved an equity investment of up to Rs 16.30 billion in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL). The in-principle approval is subject to clearances from the Department of Investment and Public Asset Management (DIPAM) and other relevant authorities. The funds will support NLC’s ongoing renewable energy projects under NIRL. The company is also planning to transfer 1.4 GW of its operational renewable assets to NIRL. This portfolio will then…
NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a joint venture agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT). The agreement was formalised on May 29, 2025. The joint venture company will develop 5,000 MW of renewable energy projects across Maharashtra. These will include solar parks, wind projects, hybrid systems, floating solar installations, battery energy storage systems (BESS), and pumped storage projects (PSPs). As part of Phase-I,…
The Board of Directors of NLC India Limited has approved forming a joint venture (JV) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to develop the Gurha Thermal Power Project. The decision was made on May 19, 2025. The JV will have a 74:26 equity split between NLC India and RRVUNL. It will be responsible for establishing, maintaining, and operating the 3×125 MW thermal power project. The proposed project will be located at Gurha in…
NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for an 810 MW solar power project in Bikaner, Rajasthan. The agreement was finalized on May 6, 2025. This solar project is part of the 2,000 MW Pugal Solar Park, which is being developed by RRVUNL at multiple sites in Rajasthan, including Ramsar Chotta, Barala, and Bandarewala villages. The…
Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at Khavda Solar Park (GSECL Stage…
NLC India Renewables (NIRL), a subsidiary of NLC India, has partnered with Assam Power Distribution Company (APDCL) to form a joint venture for developing 1,000 MW of solar power projects in Assam. NIRL will hold a 51% stake in the venture and contribute its renewable energy expertise, while APDCL will handle land acquisition, regulatory approvals, and power evacuation infrastructure. The partnership includes a 25-year power purchase agreement with Assam distribution companies to supply the entire…
NLC India Limited has issued an Expression of Interest (EoI) for the engineering, procurement, and construction (EPC) package for the 3×125 MW Gurha Thermal Power Project. The EoI was announced on December 16, 2024, with a bid submission deadline of January 30, 2025. The project will be executed by a joint venture of NLC India and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) at Chak Madhogarh village in Bikaner district, Rajasthan.
NLC India (NLCIL) has commenced commercial operations of the first 660 MW unit of its 3×660 MW Ghatampur Thermal Power Plant (GTPP) in Uttar Pradesh. The unit, which completed its trial operation on 7 December 2024, began commercial operations on 12 December 2024. This is the first fossil fuel-based thermal power plant commissioned in India in this financial year. With this addition, NLCIL and its group companies have increased their total installed power generation capacity…