NLCIL Cleared To Invest Rs 70 Billion In Green Projects

18 Jul 2025 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..