NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has received a letter of intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for the development of a 900 MW solar project. The project was awarded through a tariff-based competitive bidding process, and the power generated from the project will be procured by GUVNL.
In June 2026, NIRL signed a joint venture (JV) agreement with Odisha Renewable Energy Development Agency Limited for the development of green energy projects. The JV will establish, operate, and maintain 1 GW of green energy capacity across Odisha in the first phase.
Also in June 2026, NIRL incorporated a JV company with National Capital Region Transport Corporation (NCRTC) under the name NIRL NCRTC Renewables Limited. The JV has been established to develop grid-connected solar projects, with NIRL and NCRTC holding 74 per cent and 26 per cent equity stakes, respectively.
