New Delhi: NLC India Limited has announced that its wholly owned subsidiary, NLC India Renewables Limited (NIRL), has secured a 300 MW grid-connected wind power project from Gujarat Urja Vikas Nigam Limited (GUVNL), Gujarat’s state power procurement company.
According to the company’s disclosure to the stock exchanges, NIRL has received a Letter of Intent (LoI) from GUVNL for the development of the wind power project. The development follows NIRL’s participation in GUVNL’s tender for 250 MW of grid-connected wind power projects under Phase XI, which included a Greenshoe option for additional capacity.
NLC India Renewables Secures 300 MW Wind Power Capacity
NIRL was initially declared the successful bidder for 100 MW of wind power capacity under the GUVNL tender. The company subsequently accepted an additional 100 MW under the Greenshoe option, followed by another 100 MW of additional capacity.
The total capacity awarded to NIRL has therefore reached 300 MW.
The project will add to the company’s renewable energy portfolio and strengthen its presence in India’s wind power sector.
Details of the GUVNL Wind Power Project
The key details of the project are as follows:
- Project developer: NLC India Renewables Limited (NIRL)
- Project awarding entity: Gujarat Urja Vikas Nigam Limited (GUVNL)
- Project type: Grid-connected wind power project
- Tender: Phase XI
- Initial tender capacity: 250 MW
- Initial capacity secured by NIRL: 100 MW
- First additional Greenshoe capacity: 100 MW
- Second additional Greenshoe capacity: 100 MW
- Total capacity awarded: 300 MW
- Project status: Letter of Intent received
A megawatt (MW) is a unit used to measure power generation capacity. Grid-connected wind power projects generate electricity from wind energy and supply it to the electricity grid.
The company has not disclosed the project value, tariff or development timeline in the information provided.
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NLC India Discloses Project Award Under SEBI Regulations
NLC India Limited informed the stock exchanges about the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the disclosure of material events and information by listed companies.
The Letter of Intent marks an important step in the project award process. Further contractual details and the implementation timeline have not been specified in the disclosure.
NIRL Expands Its Renewable Energy Portfolio
NLC India Renewables has been expanding its renewable energy business through participation in large-scale power projects. In July 2026, the subsidiary reportedly secured a 900 MW solar power project from GUVNL, further strengthening its presence in the renewable energy segment.
The latest 300 MW wind power project adds another significant capacity to its portfolio and supports the company’s efforts to diversify its energy business beyond its traditional operations.
NLC India Board Meeting on November 2
NLC India Limited is scheduled to hold a board meeting on November 2, 2026, to consider its quarterly financial results, dividend and fundraising proposals.
The company had previously announced a dividend of ₹0.25 per share, with September 22, 2026, as the ex-dividend date.
NLC India shares closed at ₹227.95 on the NSE on Wednesday, declining ₹2.45, or 1.06%, from the previous close of ₹230.40. The broader Nifty 50 index also ended lower by 0.22%. The company’s market capitalisation stood at approximately ₹31,608 crore.
Note: The share price and market capitalisation figures reflect the trading session described in the source information and may change with subsequent market movements.
About NLC India Limited
NLC India Limited is a Navratna Central Public Sector Enterprise under the Ministry of Coal, Government of India. Traditionally known for its lignite mining and thermal power operations, the company is expanding its presence in renewable energy through its subsidiary, NLC India Renewables Limited. Its activities contribute to India’s energy infrastructure and the country’s transition towards a more diversified power generation mix.
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