The government has allowed NLC India to invest Rs 7,000 crore in its wholly owned subsidiary -- NLC India Renewables (NIRL). The decision was taken by the Cabinet Committee on Economic Affairs under the chairmanship of Prime Minister Narendra Modi.
NLC India is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. The company is engaged in the business of mining of Lignite, Coal and generation of power by using lignite as well as Renewable Energy Sources and consultancy.
