NLC India Limited has informed the Exchange regarding a press release dated December 16, 2025, titled "NLC INDIA RENEWABLES LIMITED SIGNS POWER PURCHASE AGREEMENT WITH SJVN LIMITED FOR 200 MW WIND POWER PROJECT".
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NLC India Limited's wholly-owned subsidiary, NLC India Renewables Limited, has signed a Power Purchase Agreement (PPA) with SJVN Limited for setting up a 200 MW Wind Power Project. The agreement was disclosed via a press release dated December 16, 2025. This adds to the company's growing renewable energy portfolio and secures a long-term offtake arrangement. The move aligns with India's broader push for clean energy capacity addition by PSUs.
Positive for shareholders — the 200 MW wind power PPA strengthens NLC India's renewable energy pipeline and locks in future revenue visibility through a creditworthy counterparty (SJVN), supporting the company's green energy expansion plans.