Economy, Banking and Finance · 1 August 2026

NLC India Renewables Ltd (NIRL) bags order for 900 MW solar power project from Gujarat Urja Vikas Nigam Ltd (GUVNL)

Exam-focused facts from the 1 August 2026 current affairs briefing.

Key facts

  • NLC India Renewables Ltd (NIRL), an arm of NLC India Ltd, has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Ltd (GUVNL) for a 900 MW solar power project.
  • The project was awarded through a tariff-based competitive bidding process.
  • The electricity generated from the project will be procured by GUVNL.
  • NIRL was formed in 2023 to manage the green energy projects and assets of NLC India Ltd.