New Delhi: NLC India Limited (NLCIL) has successfully finalized its first-ever Green Loan under the External Commercial Borrowings (ECB) framework, equivalent to USD 100 million (JPY 154.64 billion), with Sumitomo Mitsui Banking Corporation (SMBC). The agreement was signed on 8 December 2025, marking a significant milestone in NLCIL’s renewable energy financing initiatives.
The low-cost ECB funding is expected to optimize margins for NLCIL’s renewable energy projects and provide dedicated capital for green power development through its renewable energy subsidiary, NLC India Renewables Limited (NIRL).
Dedicated Funding for Renewable Energy Expansion
The proceeds from the green loan will exclusively finance capital expenditure for renewable energy projects executed by NIRL. This step is aligned with NLCIL’s Corporate Plan 2030, which aims to achieve 10 GW of renewable energy capacity and increase the green share of its power portfolio to 50% by 2030.
The initiative demonstrates NLCIL’s commitment to support India’s clean energy transition and contribute to the nation’s net-zero targets by 2070.
Signatories and Strategic Importance
The loan agreement was signed by Mr. D. Dhanapal, Chief General Manager/Finance, NLCIL, and Mr. Manoj Kaushik, Branch Head, SMBC-Gift City, in the presence of Dr. Prasanna Kumar Acharya, Director (Finance) & CFO of NLCIL.
The partnership with SMBC is expected to boost margins on renewable projects, accelerate green energy initiatives, and strengthen NLCIL’s position as a leader in sustainable energy development in India.
About NLC India Limited
NLC India Limited (NLCIL) is a Navratna public sector enterprise under the Ministry of Coal, specializing in power generation, mining, and renewable energy. The company is actively pursuing sustainable energy solutions and aims to expand its renewable capacity while contributing to India’s energy security and climate goals. NLCIL’s renewable energy subsidiary, NLC India Renewables Limited (NIRL), spearheads its efforts in solar, wind, and hybrid power projects across the country.
