NLC India (NLCIL) has received in-principle approval to invest up to Rs 994.50 crore, in one or more tranches in NLC India Renewables (NIRL), Wholly Owned Subsidiary of the Company by way of subscribing the Equity Shares at face value subject to the necessary approvals of DIPAM/MoC etc.
The objective of investment is for formation of Joint Venture Company by NIRL with APDCL for establishing renewable energy Projects in the state of Assam.
NLC India is engaged in the business of lignite mining and power generation.
