NIRL and PTC India form JV to Develop up to 2,000 MW Green Energy

17 Dec 2025 CW Team

The signing ceremony took place in the presence of Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India, Manoj Kumar Jhawar, Chairman and Managing Director, PTC India, along with the functional directors of NLC India Limited. The joint venture follows a memorandum of understanding signed between NIRL and PTC India Limited on September 8, 2025, and formalises the collaboration between the two organisations.

Under the agreement, the proposed joint venture company will focus on the establishment, operation and maintenance of a wide range of renewable and green energy projects. These include solar, wind and hydro power, battery energy storage systems, green ammonia and other emerging green technologies. The partnership aims to leverage NLCIL’s expanding renewable energy portfolio and PTC India’s expertise in power trading and market access.

The collaboration envisages the development of green energy capacity of up to 2,000 MW, to be implemented in a phased manner. The first phase of the programme will target around 500 MW of capacity. Through this approach, the joint venture plans to combine strengths in project development, renewable energy park creation, integrated green energy solutions and power trading.

Power generated from the projects will be sold through both competitive and regulated routes under Section 62 or Section 63 of the Electricity Act. The joint venture will cater to a diversified customer base, including distribution companies, government entities, and commercial and industrial consumers, supporting India’s transition towards a cleaner and more sustainable energy mix.

NLC India Renewables (NIRL), a wholly owned subsidiary of NLC India (NLCIL), has entered into a joint venture agreement with PTC India to develop large-scale green energy projects across the country. The agreement was signed on December 12, 2025, at Neyveli, marking a key step in strengthening India’s renewable energy ecosystem.The signing ceremony took place in the presence of Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India, Manoj Kumar Jhawar, Chairman and Managing Director, PTC India, along with the functional directors of NLC India Limited. The joint venture follows a memorandum of understanding signed between NIRL and PTC India Limited on September 8, 2025, and formalises the collaboration between the two organisations.Under the agreement, the proposed joint venture company will focus on the establishment, operation and maintenance of a wide range of renewable and green energy projects. These include solar, wind and hydro power, battery energy storage systems, green ammonia and other emerging green technologies. The partnership aims to leverage NLCIL’s expanding renewable energy portfolio and PTC India’s expertise in power trading and market access.The collaboration envisages the development of green energy capacity of up to 2,000 MW, to be implemented in a phased manner. The first phase of the programme will target around 500 MW of capacity. Through this approach, the joint venture plans to combine strengths in project development, renewable energy park creation, integrated green energy solutions and power trading.Power generated from the projects will be sold through both competitive and regulated routes under Section 62 or Section 63 of the Electricity Act. The joint venture will cater to a diversified customer base, including distribution companies, government entities, and commercial and industrial consumers, supporting India’s transition towards a cleaner and more sustainable energy mix.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..