NLC India Limited has informed the Exchange about General Updates
NLCINDIA · price
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NLC India Limited, through its wholly owned subsidiary NLC India Renewables Limited (NIRL), has incorporated a joint venture company named 'NIRL Assam Renewables Limited' with Assam Power Distribution Company Limited (APDCL). The JV has been set up with an equity split of 51:49 (NIRL:APDCL) and received its Certificate of Incorporation from the Ministry of Corporate Affairs on 7th May 2025. The new entity will focus on developing, operating and maintaining green energy and renewable energy projects in the state of Assam to meet renewable power obligations. The shares have been subscribed at face value of Rs.10 each, and the formation was approved by the Ministry of Coal and DIPAM in March 2025.
This is a positive development for shareholders as it expands NLC India's renewable energy footprint and supports long-term growth in the green energy segment. The state-level partnership with APDCL provides a stable offtake opportunity in Assam, though financial impact will depend on project execution and capital deployment timelines.