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.