+
NLCIL Cleared To Invest Rs 70 Billion In Green Projects
POWER & RENEWABLE ENERGY

NLCIL Cleared To Invest Rs 70 Billion In Green Projects

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has granted NLC India Limited (NLCIL) a special exemption from the current investment norms for Navratna Central Public Sector Enterprises (CPSEs). This strategic approval allows NLCIL to invest Rs 70 billion in its wholly owned subsidiary, NLC India Renewables Limited (NIRL), which can further invest in renewable energy projects directly or via joint ventures without prior approvals.
This investment is also exempted from the 30 per cent net worth cap imposed by the Department of Public Enterprises (DPE) on CPSEs’ total investments in subsidiaries and JVs, thereby enhancing NLCIL and NIRL’s financial and operational flexibility.
The move is intended to support NLCIL’s target of developing 10.11 GW of renewable energy capacity by 2030, expanding to 32 GW by 2047. It is aligned with India’s commitments under the COP26 framework, including the Panchamrit goals and the pledge to reach Net Zero emissions by 2070 through a 500 GW non-fossil energy capacity by 2030.
Currently, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, all of which are operational or nearing commercial readiness. These assets will be transferred to NIRL following this Cabinet decision. NIRL is positioned as NLCIL’s central platform for green energy, actively seeking new opportunities and participating in competitive bids for future projects.
This exemption is expected to strengthen India’s leadership in green energy by reducing reliance on fossil fuels, cutting coal imports, and improving the reliability of round-the-clock power supply. It also promises significant employment generation—both direct and indirect—during the development and operational phases, thereby contributing to inclusive economic growth and community development. 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has granted NLC India Limited (NLCIL) a special exemption from the current investment norms for Navratna Central Public Sector Enterprises (CPSEs). This strategic approval allows NLCIL to invest Rs 70 billion in its wholly owned subsidiary, NLC India Renewables Limited (NIRL), which can further invest in renewable energy projects directly or via joint ventures without prior approvals.This investment is also exempted from the 30 per cent net worth cap imposed by the Department of Public Enterprises (DPE) on CPSEs’ total investments in subsidiaries and JVs, thereby enhancing NLCIL and NIRL’s financial and operational flexibility.The move is intended to support NLCIL’s target of developing 10.11 GW of renewable energy capacity by 2030, expanding to 32 GW by 2047. It is aligned with India’s commitments under the COP26 framework, including the Panchamrit goals and the pledge to reach Net Zero emissions by 2070 through a 500 GW non-fossil energy capacity by 2030.Currently, NLCIL operates seven renewable energy assets with a total installed capacity of 2 GW, all of which are operational or nearing commercial readiness. These assets will be transferred to NIRL following this Cabinet decision. NIRL is positioned as NLCIL’s central platform for green energy, actively seeking new opportunities and participating in competitive bids for future projects.This exemption is expected to strengthen India’s leadership in green energy by reducing reliance on fossil fuels, cutting coal imports, and improving the reliability of round-the-clock power supply. It also promises significant employment generation—both direct and indirect—during the development and operational phases, thereby contributing to inclusive economic growth and community development. 

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?