The NLCIC operates a portfolio of a renewable energy of 1.4 GW and these assets will be converted to NIRL to consolidate the Green Energy initiatives within the unified platform. | Photo Credit: File Photos
The Union Government has approved the NLC India Limited (NLCIL) investment in its renewable NLC India Limited energy (NLC India India Reneways Limited (NIRL).
According to the NLCIL Press, the Cabinet for Economic Affairs (CCEA), Prime Minister, awarded an exception to the current instructions of the Ministry of Public Enterprises (DPE), which seized NLCIL to invest in Nirl and allowed Nirl to invest in independently or through common enterprises.
This significant decision is exempted by NLCIC and NIRL from 30% net assets of the ceiling deposited on the central public sector companies for investment in subsidiaries and joint companies (JVS), which ensures increased operational autonomy and financial agility. This step is ready to catalyze the growth of NLCICs in the renewable energy industry and is in line with the Indian national energy transition objectives.
NLCIC operates a portfolio of renewable energy of 1.4 GW. These assets will be converted to Nirl to consolidate the Green Energy initiatives within the unified platform.
With this strategic support, NLCIC plans a modified renewable energy capacity from the current 1.4 GW to 10 GW to 2030, which contributes significantly to India’s obligation to install 500 GW capacity of not fossil fuels by 2030, as announced at COP 26.
The long -term vision of NLCIL includes by 2047 the expansion of this capacity to 32 GW in accordance with the aim of a nation to achieve pure zero emissions by 2070.
NLCIL said that the company would help the company strengthen the Indian global position in the leadership of green energy; reduce coal and carbon imports in India; Ensure a reliable 24×7 power supply via clean sources; Generate extensive direct and indirect employment and supports inclusive socio-economic development in project regions.
According to President and CEO NLCIL Prasanna Kumar Motupalli: “Support, extended by the Indian government through this exception, is a converter for the renewable energy plan of NLCICE, which reaffirms our commitment to build a sustainable future and scalance the green energy infrastructure.
Published – 17th July 2025 20:08
