Government-owned lignite mining and power generation company NLC India (NLCIL) has announced that it has secured a green loan of ¥154.64 billion (approximately $100 million) from Sumitomo Mitsui Banking Corporation, obtained under the company’s newly executed external commercial borrowing framework. The company said this significant green financing marks an important step in strengthening its clean energy transition efforts and supporting its ongoing expansion in the renewable energy sector.
The company said the funding will be directed toward capital expenditure for renewable energy projects through its subsidiary, NLC India Renewables, helping improve margins and accelerate the company’s ongoing clean energy initiatives.
NLCIL noted that this financing aligns with its Corporate Plan 2030, which targets achieving 10 GW of renewable energy capacity and increasing the renewable share of its overall portfolio to 50% by 2030.
As of November 2025
NLCIL had an installed renewable energy capacity of more than 1,484 MW across ground-mounted solar, rooftop solar, floating solar, and wind projects. During the same month, the company commissioned 106 MW under the second phase of its 300 MW solar project at Barsingsar in Bikaner, Rajasthan.
Its solar portfolio includes several projects across India, such as a 10 MW solar plant in Neyveli, commissioned in 2015 and supplying power to the Tamil Nadu Generation and Distribution Corporation under a power purchase agreement. The company also operates a 130 MW solar project at Neyveli, developed in two 65 MW units and commissioned in 2017 under the Central Public Sector Undertaking program.
Recently, NLCIL issued a tender for the manufacturing and supply of 565.6 MWp crystalline bifacial solar modules for an 810 MW solar project at the RVUN Solar Park in Pugal, Bikaner, Rajasthan.
Earlier this year, NLC India granted in-principle approval to invest up to ₹16.3 billion (approximately $190 million) in one or more tranches in NLC India Renewables to support capital expenditure for renewable energy projects.
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