NLC India Limited has granted in-principle approval to invest up to Rs 16.30 billion in its wholly-owned subsidiary, NLC India Renewables Limited (NIRL), subject to approvals from the Department of Investment and Public Asset Management and other authorities.
The equity infusion will support the group’s ongoing renewable energy projects. In a separate move, the board also approved a USD100 million term loan in Japanese yen from Sumitomo Mitsui Banking Corporation through the external commercial borrowing route to fund capital expenditure. NLC plans to transfer 1.4 GW of its existing renewable energy assets to NIRL, which will later be monetised to raise Rs 40 billion. NLC currently has an operational renewable capacity of 1,431 MW.
In June 2025, NLC India Limited announced that its wholly owned subsidiary, NIRL, received a letter of award from Tamil Nadu Green Energy Corporation Limited for developing three standalone battery energy storage system projects.
