+
NLC India Cleared to Invest Rs 70 Billion in Green Arm
POWER & RENEWABLE ENERGY

NLC India Cleared to Invest Rs 70 Billion in Green Arm

The government has granted NLC India Ltd (NLCIL) permission to invest Rs 70 billion in its wholly owned subsidiary NLC India Renewables Ltd (NIRL). The decision was approved by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
The move provides NLCIL with a special exemption from current investment guidelines that apply to Navratna Central Public Sector Enterprises (CPSEs). The exemption allows NLCIL to fund NIRL directly, or facilitate NIRL’s investment in renewable energy projects, either independently or through joint ventures, without needing further prior approval under the existing powers of delegation.
According to an official statement, the strategic exemption is expected to accelerate clean energy initiatives, allowing the company to contribute more flexibly and rapidly to India’s renewable goals. 

The government has granted NLC India Ltd (NLCIL) permission to invest Rs 70 billion in its wholly owned subsidiary NLC India Renewables Ltd (NIRL). The decision was approved by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.The move provides NLCIL with a special exemption from current investment guidelines that apply to Navratna Central Public Sector Enterprises (CPSEs). The exemption allows NLCIL to fund NIRL directly, or facilitate NIRL’s investment in renewable energy projects, either independently or through joint ventures, without needing further prior approval under the existing powers of delegation.According to an official statement, the strategic exemption is expected to accelerate clean energy initiatives, allowing the company to contribute more flexibly and rapidly to India’s renewable goals. 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code