Cabinet clears investment flexibility for NLCIL and NTPC
The Cabinet Committee on Economic Affairs (CCEA) has approved key exemptions and enhanced investment powers for NLC India Limited (NLCIL) and NTPC Limited to accelerate renewable energy capacity addition. NLCIL has been granted exemption from existing Navratna CPSE investment limits, enabling it to invest Rs 7,000 crore in its wholly owned subsidiary, NLC India Renewables Limited (NIRL). This includes further investments by NIRL in renewable energy projects directly or via joint ventures, without requiring prior…