NLC India Limited has entered into a Memorandum of Understanding with Indian Oil Corporation Limited to jointly develop large-scale renewable energy projects in Tamil Nadu, marking a notable push in India’s clean energy transition.
The partnership aims to set up a joint venture that will focus on building solar, wind, and hybrid power projects, along with storage-backed solutions such as battery energy storage systems and pumped hydro projects.
The MoU was signed in New Delhi by senior executives from both companies in the presence of top leadership, including finance and planning directors from NLC India and Indian Oil.
Under this collaboration, the two companies plan to explore a wide range of opportunities—from supplying green power to industrial users, distribution companies, and power exchanges to supporting e-mobility applications.
They will also look at emerging areas such as green hydrogen, solar manufacturing value chains, and even synthetic fuels and chemicals, depending on technical and commercial viability.
NLC India’s CMD Prasanna Kumar Motupalli said the partnership with Indian Oil marks an important step in the company’s broader shift toward clean energy, highlighting a multi-technology approach that includes solar, wind, hybrid systems, energy storage, and green hydrogen.
NLC India Limited is a government-owned power generation company primarily known for its lignite mining and thermal power operations. Over the years, it has been steadily expanding into renewable energy, including solar, wind, and hybrid projects, as part of its shift toward cleaner and more sustainable power generation. The company is increasingly positioning itself as a diversified energy producer rather than only a conventional coal and lignite-based utility.
Indian Oil Corporation Limited, on the other hand, is one of India’s largest integrated energy companies. Traditionally, it has been a dominant force in refining, fuel marketing, and petroleum distribution across the country. In recent years, IOCL has also been actively investing in cleaner energy areas such as biofuels, green hydrogen, electric mobility infrastructure, and renewable power projects to adapt to the global energy transition.
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