NLCIL Gets Rs 70 Billion Boost for Green Energy Expansion
POWER & RENEWABLE ENERGY

NLCIL Gets Rs 70 Billion Boost for Green Energy Expansion

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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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. 

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?