NLC establishes green energy joint venture with Assam Discom

16 Mar 2023 CW Team

NLC India Ltd (formerly Neyveli Lignite Corp. Ltd) intends to invest Rs 10 billion ($125 million) in a green energy joint venture it is forming with Assam Power Development Co. Ltd. (APDCL).

The investment proposal has already been submitted to the Union government, with the JV establishing a 1 gigatonne (GW) initial solar power capacity in Assam for around 5,500 crore. These solar power projects are expected to cost Rs 55 million per megawatt (MW) and will be constructed in India in stages, with 200 MW added each year.

NLC will fund this equity with internal accruals. Last year, NLC signed an MoU with APDCL that included plans for green energy projects, including hydropower projects.

Attracted by India's green energy trajectory, traditional state-run miners are finalising clean energy plans, such as Coal India Ltd (CIL), which plans to invest around Rs 150 billion in solar power generation capacity by 2024.

India has 167 GW of installed renewable energy capacity, with the country's electricity demand increasing from current per capita electricity consumption levels of around 1255 kilowatt-hours (kWh). India's electricity demand is expected to rise by 9.5% in the current fiscal year, with peak electricity demand rising by 6.82%.

India met an all-time high electricity demand of 211.6 GW in June 2022, with 225 GW expected during the upcoming summer season. To expand, NLC has formed Neyveli Uttar Pradesh Power Ltd (NUPPL), NLC TamilNadu Power Ltd (NTPL), MNH Shakti Ltd, and Coal Lignite Urja Vikas Pvt. Ltd. (CLUVPL).

NLC currently has 1.421 GW of clean energy capacity and 660 MW in the pipeline.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..