{"id":"f-e550251d2f-2d34c46d-675e-5711-a240-4c615abaf2c1","title":"NLC India signs MoU with Gujarat govt for up to ₹25,000-cr green projects","description":"Collaboration aims at solar, wind, hybrid, and battery energy projects worth ₹25,000 crore, supporting employment and India’s green energy targets","timestamp":1768317008,"category":"business","headline":"NLC India signs MoU with Gujarat govt for up to ₹25,000-cr green projects","modifiedHeadline":"NLC India Inks ₹25,000-Cr Gujarat Green Deal","subCategories":["scid_dad10ecd"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"110","fcSummary":"NLC India Ltd. (NLCIL) signed an mou with gujarat to develop large-scale renewable energy projects with ₹25,000 crore investment. NLCIL's board approved listing its renewable energy subsidiary, NIRL, via a public offer. The company's net profit declined by 27.1% y-o-y.","summary":"NLC India & Gujarat unite for ₹25,000-cr green projects! Solar, wind & hybrid energy to bloom, boosting jobs & India's green goals.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-2d34c46d-675e-5711-a240-4c615abaf2c1","sourceUrl":"https://www.cnbctv18.com/market/nlc-india-share-price-signs-mou-with-gujarat-government-rs-25000-cr-renewable-energy-projects-19820346.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/UMKXG20Q4OQ0.webp","content":"

NLC India Limited (NLCIL), a Navratna central public sector enterprise under the Ministry of Coal, has signed a memorandum of understanding (MoU) with

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the government of Gujarat for the development of large-scale renewable energy projects in the state.

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The MoU was signed on January 12, 2026, during the Vibrant Gujarat Regional Conference for the Saurashtra and Kutch region.

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The non-binding MoU envisages the development of solar, wind, hybrid, and battery energy storage projects, with an aggregate investment potential of approximately ₹25,000 crore. The projects are expected to generate significant employment opportunities.

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The proposed projects will be implemented through NIRL, NLCIL’s wholly-owned subsidiary dedicated to renewable energy, in line with NLCIL’s corporate plan to achieve 10 GW of renewable energy capacity by 2030.

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Under the agreement, the Gujarat government will facilitate NLCIL/NIRL in obtaining necessary statutory approvals, clearances, registrations, and other support to enable time-bound project implementation, aligning with the company’s goals of sustainable development, energy security, and decarbonisation.

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Yesterday (January 12), NLC India Limited had informed that its board of directors has given an in-principle approvalfor the listing of NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of the company, through the dilution of equity stake up to 25% in one or more tranches via a public offer, subject to requisite approvals from the authorities.

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NLC India Ltd had reported a 27.1% year-on-year decline in consolidated net profit for the quarter ended September 2025 at ₹665 crore, compared with ₹912 crore in the corresponding quarter last year.

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Its revenue from operations rose 14% to ₹4,178.4 crore from ₹3,657.3 crore a year ago, supported by higher output and improved realisations for the Chennai-based lignite coal miner.

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Also Read: NLC India's renewable arm NIRL to raise ₹4,000 Cr via IPO by FY27: CMD

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Operating performance was stronger, with earnings before interest, tax, depreciation, and amortisation (EBITDA) up 30.5% year-on-year to ₹1,400 crore from ₹1,073 crore.

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Shares of NLC India Limited closed at ₹255.45 on Tuesday, down 0.18% or ₹0.45.

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","readDurationInMinutes":"4","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["NLCIL & Gujarat sign MoU for ₹25,000 Cr renewable projects, aiming for 10 GW by 2030.","NIRL (NLCIL subsidiary) to be listed via IPO, diluting up to 25% equity stake.","NLC India's Q2 net profit declined 27.1%, but revenue rose 14%, EBITDA up 30.5%."],"tags":["NLCIndia","GujaratGovt","RenewableEnergy","GreenEnergy","SolarEnergy","WindEnergy","BatteryEnergyStorage","MoU","NIRL","NLCIL","MinistryOfCoal","VibrantGujarat","SustainableDevelopment","EnergySecurity","Decarbonisation","PublicSectorEnterprise","IPO","NLCIndiaRenewables","FinancialResults"],"consent":true,"redirectionEnabled":false}

NLC India signs MoU with Gujarat govt for up to ₹25,000-cr green projects

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