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NLC India Renewables Limited (NIRL), a subsidiary of NLC India Ltd. (NLCIL), has signed a Joint Venture agreement with PTC India Limited (formerly Power Trading Corporation) at Neyveli for establishment of a green energy venture.

According to a press release, the joint venture between PTC India Limited and NLCIL, which is expanding its portfolio in renewable energy, will undertake the establishment, operation, and maintenance of renewable energy projects, including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies.

The collaboration envisages the development of green energy capacity up to 2000 MW to be implemented in phases. The first phase will target around 500 MW. The new JVC will enable both organisations to pool their strengths in project development, power trading, renewable energy park creation, and integrated green energy solutions.

The JVC will undertake power sales through competitive and regulated routes under the Electricity Act, targeting a mix of Discoms, government entities, and commercial and industrial consumers.

Published – December 14, 2025 01:33 pm IST