Please refer the attachment

Marquee Jv AnnouncedStrategic Transactions View source PDF

NLCINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.7%1-day move

₹349.50

prior close

₹353.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.3+0.7+1.2+0.9-3.7-0.1-1.1-3.0-3.6-6.0-8.0-6.2——

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AI summary

NLC India Renewables Limited, a wholly owned subsidiary of NLC India Limited, has incorporated a new Joint Venture Company named 'NIRL NCRTC RENEWABLES LIMITED' with National Capital Region Transport Corporation (NCRTC). The JV is formed for setting up Grid Connected Solar PV Power Projects. Equity participation is structured at 74:26 between NLC India Renewables and NCRTC respectively. The Ministry of Corporate Affairs issued the Certificate of Incorporation on 27th May, 2026.

Likely market impact

This JV announcement signals NLC India's strategic expansion into renewable energy sector through a government-backed partnership, with the company retaining majority 74% stake. This diversification could be positive for shareholders as it aligns with India's clean energy transition goals.