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.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..