New Delhi: NLC India Renewables Limited (NIRL), the wholly owned subsidiary of NLC India Limited (NLCIL), has signed a Joint Venture Agreement (JVA) with PTC India Limited to establish a new green energy company aimed at developing up to 2,000 MW of renewable energy capacity. The agreement was formalised in Neyveli in the presence of Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, Dr. Manoj Kumar Jhawar, Chairman and Managing Director of PTC India Limited, and functional directors from NLCIL. This development follows the Memorandum of Understanding (MoU) signed between the two organisations on September 8, 2025.
Strategic Collaboration for Renewable Energy Growth
The new joint venture company (JVC) will focus on the development, operation, and maintenance of renewable energy projects, including solar, wind, hydro, battery energy storage systems (BESS), green ammonia, and other emerging green technologies. The JVC aims to roll out the capacity in phases, with the first phase targeting approximately 500 MW.
Both organisations will leverage their respective strengths—NLCIL’s expertise in renewable energy project development and PTC India’s capabilities in power trading—to create integrated green energy solutions. The collaboration will also enable sales of renewable power through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, catering to DISCOMs, government entities, as well as commercial and industrial consumers.
Driving India’s Green Energy Transition
The joint venture marks a significant step toward large-scale green energy deployment in India, supporting the nation’s commitment to clean and sustainable energy. By combining project development expertise, trading solutions, and renewable energy park creation, the partnership is expected to accelerate India’s transition toward low-carbon power infrastructure.
About NLC India Limited
NLC India Limited, headquartered in Neyveli, Tamil Nadu, is a Navratna public sector undertaking under the Ministry of Coal. It is one of India’s leading energy companies, with a growing focus on renewable energy alongside its traditional coal-based power operations. NLCIL is committed to sustainable growth and is actively expanding its portfolio in solar, wind, and other green energy technologies to support India’s energy transition goals.
About PTC India:
PTC India Limited, headquartered in New Delhi, is a leading power trading and energy solutions company in India. It facilitates electricity trading, provides renewable energy solutions, and supports efficient energy management for distribution companies, government entities, and commercial consumers across the country.
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