New Delhi: Power trading major PTC India Limited has announced that its Board of Directors has approved a Joint Venture (JV) agreement with NLC India Renewables Limited, a wholly owned subsidiary of NLC India Limited, to jointly develop green energy projects with a total capacity of up to 2,000 MW across India.
The JV will focus on renewable energy ventures, including solar, wind, hydro, and battery energy storage systems, along with other clean energy initiatives. The projects are expected to be executed in a phased manner and will be subject to statutory and regulatory approvals.
Shareholding Structure and Investment Details
As per the proposed shareholding structure, NLC India Renewables Limited will hold 74 percent in the newly formed JV, while PTC India Limited will hold the remaining 26 percent. The consideration for this JV will be made through subscription to shares of the proposed entity, reflecting a collaborative approach toward investment and operational management.
Strategic Expansion into Renewable Energy
PTC India stated that the collaboration is aimed at strategic expansion into renewable energy assets, which will not only strengthen the company’s existing trading portfolio but also enhance its consultancy and advisory services for energy projects. This aligns with PTC India’s long-term vision of sustainability and green growth, positioning the company to play a key role in India’s transition to clean energy.
The partnership is expected to leverage PTC India’s expertise in power trading and cross-border energy solutions, alongside NLCIRL’s extensive experience in renewable energy development, to accelerate project execution and contribute meaningfully to the country’s renewable energy targets.
A Step Toward India’s Clean Energy Future
With this JV, PTC India and NLCIRL aim to accelerate renewable energy development, creating clean, sustainable power infrastructure while supporting India’s commitments to net-zero emissions and energy transition. The collaboration is expected to strengthen India’s green energy ecosystem, expand technological capabilities in renewable integration, and provide long-term economic and environmental benefits.
About PTC India Limited
PTC India Limited, formerly known as Power Trading Corporation of India Limited, is a leading public sector undertaking (PSU) engaged in electricity trading, renewable energy integration, and cross-border power transactions. Established to facilitate efficient energy market operations in India, PTC India has emerged as a pioneer in power trading solutions, supporting the integration of renewable energy and promoting market-based electricity transactions across the country.
About NLC India Limited and NLC India Renewables
NLC India Limited (formerly Neyveli Lignite Corporation) is a Navratna PSU under the Ministry of Coal, with a legacy spanning over six decades in lignite mining and power generation. The company operates thermal power plants, renewable energy projects, and mining operations, contributing significantly to India’s energy security. NLC India Renewables Limited (NLCIRL) is a wholly owned subsidiary focused entirely on renewable energy projects, including solar, wind, and hybrid energy systems.
