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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..