NLC India, Gujarat govt in pact for large-scale green energy projects
This story was originally published at 20:15 IST on 13 January 2026
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--NLC India, Gujarat govt sign MoU to develop projects at INR 250-bln invest
NEW DELHI – State-run NLC India Ltd. Tuesday said it has signed a non-binding memorandum of understanding with the Gujarat government to set up large-scale renewable energy projects, including solar, wind, hybrid, and battery energy storage projects, at an aggregate investment potential of around INR 250 billion. The proposed projects will be developed by NLC India's wholly-owned green energy arm NLC India Renewables Ltd. The pact was signed during the Vibrant Gujarat Regional Conference held Monday in Rajkot.
"This strategic collaboration aligns with NLC India Limited's Corporate Plan to achieve 10 GW of Renewable Energy capacity by the year 2030," the company said in an exchange filing. The Gujarat government is expected to offer the company support to get statutory approvals, clearances, and registrations and implement the projects in a timebound manner, the company said.
NLC India had reported a consolidated net profit of INR 6.65 billion for the September quarter on a revenue of INR 41.78 billion. Tuesday, its shares closed slightly lower at INR 255.35 on the National Stock Exchange. End
Reported by Anand JC
Edited by Rajeev Pai
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