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.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..