NLC India approves ?3,720 crore investment in renewable energy

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NLC India Ltd’s board has approved an in-principle investment of up to ?3,720 crore in its subsidiary, NLC India Renewables Ltd (NIRL). This investment will fund renewable energy projects in Gujarat and Rajasthan, subject to regulatory approvals. Additionally, NLC India will acquire renewable energy assets valued at ?6,263 crore by subscribing to equity shares of NIRL under its Asset Monetisation Plan.

Note: The above-mentioned news was first published by us in our ProjectX India | 1st December 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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