Please refer the attachment.
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NLC India Renewables Limited (NIRL), a 100% subsidiary of NLC India Limited, has signed a Power Purchase Agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for a 810 MW Solar Power Project at Pugal Solar Park in Bikaner District, Rajasthan. The project was awarded through a competitive tariff-based bidding process and will be implemented under the MNRE's Ultra Mega Renewable Energy Power Park (UMREPP) Scheme. The project is expected to generate about 2 Billion Units (BU) of green electricity annually and offset approximately 1.5 million metric tons of CO2 emissions per year. This is NLCIL's largest solar initiative and marks a significant step toward its strategic target of achieving 10 GW of renewable energy capacity by 2030.
This long-term PPA provides revenue visibility and reinforces NLCIL's position in India's renewable energy transition, likely positive for shareholder sentiment. The project adds substantial capacity to NLCIL's renewable portfolio and supports its growth ambitions in clean energy.