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NLC India incorporates wholly owned subsidiary

16 Jun 2023 Evaluate

NLC India has incorporated a wholly owned subsidiary (WOS) Company in the name of ‘NLC India Renewables’ on June 14, 2023 to take over the existing renewable assets of NLC India.

Earlier, the company had received an approval for incorporation of wholly Owned Subsidiary Company to take over the existing renewable assets in the name of ‘NLC India Renewables’ or any other name as may be made available / approved by Ministry of Corporate Affairs.

NLC India is engaged in the business of lignite mining and power generation.

Peers
Company Name CMP
NTPC 311.10
Tata Power 341.95
Adani Power 189.00
Power Grid Corpn. 249.50
Adani Energy Solut. 1265.00
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