NLC India Renewable Limited (NIRL) and PTC India Limited (PTCIL) form joint venture for renewable energy projects

Key facts

• NLC India Renewable Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), signed a joint venture agreement with PTC India Limited (PTCIL).
• The joint venture company will undertake the establishment, operation and maintenance of renewable energy projects, including solar, wind, hydro, battery energy storage systems, green ammonia and other emerging green technologies.
• The collaboration envisages the development of green energy capacity up to 2,000MW, to be implemented in phases, with the first phase targeting around 500MW.