NLC India (NLCIL) has received in-principle approval to invest up to Rs 3,720 crore, in one or more tranches in NLC India Renewables (NIRL), wholly owned subsidiary of the company to undertake green energy projects, subject to compliance of DIPAM guidelines and necessary approvals of MoC and Other departments as may be required. 

The company will also be transferring renewable assets to NIRL as part of an asset monetization plan, in return acquiring stake in the green energy company. The net book value of RE assets in the books including CWIP of the ongoing projects of NLC as on September 30, 2024 is Rs 6,263 crore.

The objective of investment is for development of Renewable Power projects in Gujarat & Rajasthan and carrying out the existing Renewable Power Projects NLCIL under Asset Monetisation Plan.

NLC India is engaged in the business of lignite mining and power generation.