NLC India Signs MoU with Gujarat for Large-Scale Renewable Energy Projects

NLC India signed a Memorandum of Understanding with the Gujarat government to develop large-scale renewable energy projects, including solar, wind, hybrid, and battery energy storage systems, with an investment potential of around Rs 25,000 crore. These projects will be executed through its subsidiary, NLC India Renewables (NIRL), which is also set for public listing via equity dilution. This initiative supports NLC India's goal to reach 10 GW renewable capacity by 2030 and aligns with India's National Monetisation Pipeline targets.