NLC India Powers Up Green Energy with ₹1,631 Cr Investment

NLC India Ltd has received board approval to invest up to ₹1,630.89 crore in its wholly-owned subsidiary, NLC India Renewables Ltd (NIRL), as part of its strategy to accelerate green energy development.

The investment will be made in one or more tranches through equity subscription at face value, and is subject to approvals from the Department of Investment and Public Asset Management (DIPAM) and other regulatory authorities. The funds will be used to support NIRL’s renewable energy projects, the company confirmed in a regulatory filing.

In addition, the board has approved raising funds through external commercial borrowing (ECB)—equivalent to USD 100 million in Japanese yen—from Sumitomo Mitsui Banking Corporation to further finance renewable energy initiatives across NLC’s subsidiaries and group companies.

NIRL currently operates 1,431 MW of installed renewable capacity and is leading NLC’s expansion in clean energy. NLC CMD Prasanna Kumar noted, “Our projected capex requirement is ₹1.16 lakh crore—split 70:30 for thermal and 80:20 for renewables. This implies an equity requirement of around ₹23,000 crore.”

News by Rahul Yelligetti.