NLC India to Fund Clean Energy Growth Through IPO of Arm

22 Jul 2024 CW Team

NLC India Limited is set to boost its clean energy expansion efforts by raising funds through an initial public offering (IPO) of its subsidiary. The company?s chairman and managing director announced that the IPO will be a crucial step in advancing its green energy initiatives and supporting its growth strategy.

The IPO will target investors who are keen on supporting sustainable and renewable energy projects. By listing the subsidiary, NLC India aims to generate substantial capital, which will be allocated towards expanding its portfolio of clean energy assets. This move is part of the company?s broader commitment to enhancing its renewable energy footprint and contributing to the national goals of reducing carbon emissions.

The funds raised will be used for various purposes, including the development of new renewable energy projects, upgrading existing infrastructure, and exploring innovative technologies in the clean energy sector. This strategic funding will enable NLC India to accelerate its transition towards more sustainable energy solutions.

NLC India?s decision to raise capital through an IPO reflects its confidence in the growing interest and investment in the renewable energy sector. It also underscores the company?s dedication to advancing its clean energy ambitions and playing a significant role in India?s energy transformation.

The IPO is expected to attract considerable interest from institutional and retail investors, given the increasing focus on environmental sustainability and clean energy investments.

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..