New Delhi: Shares of NLC India Ltd surged by 1.43% to trade at Rs 247.10 on BSE after the state-owned company received a Letter of Acceptance (LoA) from the National Capital Region Transport Corporation Limited (NCRTC). The order is for the development of 110 MW (AC) Grid Connected Solar PV Power Projects in Uttar Pradesh under Captive Mode against Bid No. DM/EL/COR-OF/282.
Project Details and Scope
The project involves setting up 110 MW (AC) grid-connected solar PV power plants in Uttar Pradesh. NLC India Ltd will supply the generated power under a Power Purchase Agreement (PPA) for a period of 25 years. The Scheduled Commencement of Supply Date (SCSD) for the full project capacity is set within 24 months from the effective date of the PPA. The project emphasizes renewable energy generation and long-term power supply commitments.
Read also: NLC India Renewables and PTC India Form Joint Venture to Develop 2,000 MW Renewable Energy Projects
Stock Performance
Following the announcement, NLC India Ltd shares rose to Rs 247.38 on the BSE, reflecting positive investor sentiment towards the company’s expansion into renewable energy projects.
About NLC India Ltd
NLC India Ltd is a leading state-owned power generation company in India, involved in thermal and renewable energy projects. The company is committed to expanding its footprint in the renewable energy sector, particularly solar and wind power, to support India’s sustainable energy goals.
Read also: NLC India Secures USD 100 Million Green Loan from SMBC to Boost Renewable Energy Projects
