New Delhi, July 8, 2025 — NLC India Limited’s board has approved a significant investment of ₹1,630.89 crore in its wholly owned renewable energy subsidiary, NLC India Renewables Limited (NIRL) .
Equity Infusion Through Tranches
NLC India will channel the investment into NIRL via equity share subscriptions at face value, staged across multiple tranches. The funding will support ongoing and upcoming renewable energy projects, subject to required regulatory approvals
$100 Million ECB Loan Endorsed
Alongside the equity investment, the board approved a $100 million External Commercial Borrowing (ECB) in Japanese yen. NLC India will borrow from Sumitomo Mitsui Banking Corporation (SMBC). Funds will be allocated to capital expenditure for renewable ventures under both its subsidiaries and group companies
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At the same meeting, chartered accountants Sundaram & Srinivasan were appointed as tax auditors for FY 2024‑25. The board convened at 5:00 PM and concluded at 6:30 PM, with all resolutions uploaded on the company’s website
What This Means for NLC India’s Green Push
NLC India is strengthening its commitment to renewable energy by channeling significant capital into its subsidiary and securing international finance. The move reflects a continued shift toward clean energy investments, balancing equity funding and external borrowing for sustainable expansion.
About NLC India
NLC India Limited is a Navratna Public Sector Undertaking under the administrative control of the Ministry of Coal, Government of India. Established in 1956, the company is headquartered in Neyveli, Tamil Nadu. It is a pioneer in lignite mining and thermal power generation in the country.
