NLC India, PTC India form JV for 2,000 MW green energy projects

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

NLCINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹243.90

prior close

₹245.11

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.1%-0.5% vs market

Power Generation peers, median of 25sector+0.0%-0.6% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Midcap 150 and 0.6 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.7

15m

+0.9

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-0.1-0.5+0.0-0.6

Next day

-1.6-0.8-0.8-1.1-0.5

-1.4-1.4-0.0-1.6+0.2

-2.6-1.2-1.5-2.1-0.6

-2.0-0.0-2.0-1.2-0.8

-1.1+0.8-1.9-0.9-0.3

+2.0+0.4+1.6+0.1+1.9

15d

+12.3+1.6+10.6-1.2+13.5

+5.6-0.8+6.4-5.6+11.2

+5.5-0.8+6.3-5.8+11.4

+5.4-9.0+14.4-13.1+18.4

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NLC India Renewables (NIRL), the wholly owned subsidiary of NLC India, signed a joint venture agreement with PTC India Limited on December 12, 2025. The JV will develop renewable energy projects covering solar, wind, hydro, battery storage, green ammonia and other green technologies, targeting up to 2,000 MW capacity starting at about 500 MW in the first phase.

Likely market impact

Strengthens NLC India's renewable energy footprint and adds a new growth avenue through partnership with a major power trader.