NLC India has received approval for Business Transfer Agreement for transfer of identified Operational Renewable Assets to its wholly owned subsidiary -- NLC India Renewables (NIRL) which formed for development and Operation of Renewable Assets of the company, with an estimated asset value of Rs 5,228 crore. The board of directors of the company in their meeting held on August 7, 2025 have approved the same.
The restructuring would result in strategic focus and operational efficiency in renewable energy projects. Further, the company would transfer identified Operational Renewable Energy Assets worth Rs 5,228 crore in consideration of cash or allotment of equity shares/transfer of loan/interest in NIRL.
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.
