NLCIL Gets Rs 70 Billion Boost for Green Energy Expansion

17 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 prevailing investment guidelines for Navratna Central Public Sector Enterprises (CPSEs), enabling it to invest Rs 70 billion in its wholly owned subsidiary, NLC India Renewables Limited (NIRL). This strategic relaxation allows NIRL to invest directly or form joint ventures without prior approvals and exempts the investment from the Department of Public Enterprises’ 30 per cent net worth cap on CPSE investments in subsidiaries and JVs.

The move is designed to provide greater financial and operational flexibility as NLCIL accelerates efforts to meet its renewable energy ambitions—developing 10.11 GW capacity by 2030 and expanding to 32 GW by 2047. These goals support India's COP26 climate commitments, including building 500 GW of non-fossil fuel energy capacity by 2030 and achieving Net Zero emissions by 2070 under the Panchamrit strategy.

Currently, NLCIL operates seven renewable energy assets with a combined installed capacity of 2 GW, either already in operation or nearing commercial launch. These assets will now be transferred to NIRL, which has been envisioned as the flagship platform for executing NLCIL’s green energy projects. NIRL is also actively pursuing new opportunities through competitive bidding and other mechanisms to expand its portfolio.

This Cabinet approval is expected to strengthen India’s leadership in the global green energy space, reduce reliance on fossil fuels, and curb coal imports, while also supporting uninterrupted power supply across the nation.

In addition to environmental gains, the initiative is expected to generate considerable employment—both directly and indirectly—during project construction and operation, thus fostering inclusive economic development and benefiting local communities.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..