NLC India Limited has announced plans to invest Rs 1.25 trillion by 2030 to expand its total power generation capacity from the current 6.7 GW to 20 GW. Out of the total planned capital expenditure, Rs 650 billion has been allocated for renewable energy and other green initiatives, Rs 450 billion for thermal projects, and Rs 150 billion for mining. Within the renewable energy segment, approximately Rs 150 billion is earmarked specifically for battery energy storage systems.
NLC India will arrange financing for this planned investment through internal accruals, domestic loans, initial public offerings, and external commercial borrowings. Additionally, NLC India is exploring opportunities to start a consulting business abroad in regions such as Sri Lanka, Bhutan, Nepal, Myanmar, Africa, and the Middle East. The company is also considering the acquisition of battery mineral assets overseas, including Vanadium, Cobalt, Lithium, and Copper, to support its renewable energy and storage business expansion.
Earlier this month, NLC India approved up to Rs 16.30 billion investment in its renewable energy subsidiary NLC India Renewables Limited to support ongoing projects, alongside a $100 million term loan in Japanese yen for capital expenditure.
