Tamil Nadu: NLC India Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (Indian Oil Corporation Limited) to jointly develop large-scale renewable energy projects in Tamil Nadu. The partnership aims to accelerate India’s clean energy transition and support the country’s net-zero emission goals.
The MoU was signed in New Delhi on June 20, 2026, in the presence of senior executives from both organisations.
Wide Range of Renewable Energy Projects Planned
Under the proposed joint venture, both companies will collaborate on multiple clean energy segments, including:
- Solar power projects
- Wind energy projects
- Hybrid renewable energy systems
- Battery Energy Storage Systems (BESS)
- Pumped hydro storage projects
- Green hydrogen and green fuels
- Solar module manufacturing
The partnership also aims to supply renewable energy to commercial and industrial consumers, distribution companies, energy exchanges, and emerging sectors such as e-mobility.
Agreement Signed by Senior Executives
The MoU was formally signed by:
- Anurag Mittal, Chief General Manager (Commercial & Business Development), NLC India Limited
- Manoj Nanda, Chief General Manager (Alternate Energy), Indian Oil Corporation Limited
Senior officials from both companies were present during the signing ceremony, highlighting the strategic importance of the collaboration.
NLC India Expands Renewable Energy Focus
NLC India Limited, a Navratna PSU under the Ministry of Coal, has nearly seven decades of experience in lignite mining and power generation. In recent years, the company has been diversifying into renewable energy sectors.
Its growing green portfolio includes:
- Solar and wind power projects
- Pumped hydro storage systems
- Battery energy storage solutions
- Green hydrogen initiatives
- Waste-to-energy projects
Leadership Highlights Strategic Importance of Partnership
Chairman and Managing Director of NLC India, Prasanna Kumar Motupalli, stated that the collaboration with Indian Oil marks a key milestone in the company’s transition toward sustainable energy businesses.
He emphasized that the initiative will focus on advanced technologies such as hybrid energy systems, storage solutions, and green hydrogen, while also exploring future renewable opportunities.
Strengthening India’s Clean Energy Transition
The partnership between NLC India Limited and Indian Oil Corporation Limited reflects a strong commitment to sustainability and innovation. If successfully implemented, the proposed projects are expected to strengthen India’s renewable energy capacity and contribute significantly to long-term clean energy and net-zero goals.
About NLC India and Indian Oil
NLC India Limited (NLC India Limited) is a Navratna public sector enterprise engaged in lignite mining and power generation, with an increasing focus on renewable energy projects across India.
Indian Oil Corporation Limited (Indian Oil Corporation Limited) is one of India’s largest energy companies involved in refining, pipelines, marketing, and expanding renewable and clean energy initiatives to support India’s energy transition.
