NLC India (NLCIL) has signed a memorandum of understanding (MoU) with the Government of Rajasthan for Formation of Joint Venture to set up 125 MW Lignite Based Power Plant and 1000 MW Solar Power Plant. The MoU between NLC India and RVUNL (Rajasthan Rajya Vidyut Utpadan Nigam) entails a staggering investment of more than Rs 7000 crore. The MoU exchange signifies a resolute step towards sustainable and robust energy infrastructure, aligning with the Nation's Ambitious Renewable Energy targets.
Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1000 MW Solar Power Plant, further reinforcing NLCIL's commitment to renewable energy initiatives. Additionally, a LoI for the setup of an 810 MW solar power plant has already been issued. This is in line with corporate plan of NLC India to become a power major of 17 GW capacity with more than 6 GW renewable capacity by 2030.
NLC India is engaged in the business of lignite mining and power generation.
| Company Name | CMP |
|---|---|
| NTPC | 399.60 |
| Tata Power | 427.55 |
| Adani Power | 211.20 |
| Power Grid Corp | 315.10 |
| Torrent Power | 1685.80 |
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