NLC India has signed a pact with state-owned Coal India (CIL) to form a joint venture (JV) to develop 5,000 megawatts of solar and thermal power assets across the country. The equity participation in the proposed JV between CIL and NLC India will be in the ratio of 50:50. This JV company marks a new era in the power sector with the synergy and expertise of two central public sector undertakings under the Ministry of Coal.
NLC India is engaged in the business of lignite mining and power generation.
