NLC India Signs MoU with Gujarat for Rs 25,000 Crore Renewable Energy Projects

NLC India signed a non-binding Memorandum of Understanding with the Government of Gujarat to develop large-scale renewable energy projects, including solar, wind, hybrid, and battery energy storage systems, with an estimated investment of around Rs 25,000 crore. These projects, to be executed by NLC India Renewables Limited, aim to boost Gujarat's renewable capacity and generate significant employment. The move aligns with NLC India's goal to achieve 10 GW renewable capacity by 2030. The company also approved listing its renewables subsidiary, NIRL, through equity dilution.