NLC India Share: Signed a major agreement with PTC India for green energy project

News Topical, Digital Desk : NLC India Ltd announced after the stock market closed on Friday that its subsidiary, NLC India Renewables Ltd, has signed a Joint Venture Agreement (JVA) with PTC India Limited. The agreement was signed on December 12, 2025, in Neyveli, in the presence of the chairpersons and functional directors of both organizations. This step follows a Memorandum of Understanding (MoU) signed between the two entities on September 8, 2025.

According to an exchange filing, the proposed joint venture will develop, operate, and maintain renewable energy projects, including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging clean technologies. The partners plan to build up to 2,000 MW of green energy capacity in phases, starting with approximately 500 MW in the first phase. The JV will leverage NLCIL's rapidly growing renewable portfolio and PTC India's power trading expertise to create integrated green energy solutions and renewable energy parks. NLC India is preparing to significantly expand its renewable energy capacity and plans to list its green subsidiary in FY27. 

Share Performance The company's shares closed at ₹243.90 on Friday, up 3.21 percent. Over the past year, the company's shares have gained 6.55 percent. 

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