NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), has signed a Joint Venture Agreement (JVA) with PTC India Limited (formerly Power Trading Corporation) to establish a new green energy company. The agreement formalizes a collaboration aimed at developing up to 2,000 MW of renewable energy capacity, to be implemented in phases, with the first phase targeting approximately 500 MW.
The signing ceremony was held at Neyveli in the presence of Shri Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India Limited; Dr. Manoj Kumar Jhawar, Chairman and Managing Director, PTC India Limited; and the Functional Directors of NLC India Limited. This JVA follows the Memorandum of Understanding (MoU) signed between NIRL and PTC India Limited on 8th September 2025.
The new joint venture company will focus on the establishment, operation, and maintenance of renewable energy projects, including solar, wind, hydro, battery energy storage systems (BESS), green ammonia, and other emerging green technologies.
Under this partnership, both organizations will leverage their respective strengths—NLCIL’s experience in renewable energy project development and PTC India’s expertise in power trading—to create integrated green energy solutions. The JVC will undertake power sales through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, targeting a mix of DISCOMs, government entities, and commercial & industrial consumers.
The collaboration also envisions the development of renewable energy parks and the delivery of comprehensive green energy solutions. This joint venture represents a significant step toward large-scale renewable energy deployment in India, supporting the country’s commitment to clean, sustainable, and low-carbon power infrastructure.
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