NLC India Limited has informed the Exchange about General Updates
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NLC India Limited has received a Letter of Award from NTPC Limited on June 27, 2025, for setting up a 450 MW Wind-Solar Hybrid Power Project connected to the Inter State Transmission System (ISTS). Under the award, NLC India will supply the hybrid power generated from this project to NTPC under a 25-year Power Purchase Agreement (PPA). The project will be developed at two locations: 300 MW in Bikaner, Rajasthan, and 150 MW in Bhuj, Gujarat. The scheduled commencement of power supply is within 24 months from the effective date of the PPA. The order is domestic in nature, and there is no promoter or related party interest involved in the awarding entity.
This is a positive development for shareholders as it adds a sizeable renewable energy order to NLC India's book, provides long-term revenue visibility over 25 years, and strengthens its green energy portfolio. NTPC being a Government of India Maharatna PSU adds credibility to counterparty risk.