NLC India Renewables And PTC India Join Hands To Develop 2000 MW Green Energy Projects

NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), has entered into a landmark Joint Venture Agreement (JVA) with PTC India Limited, formerly known as Power Trading Corporation, on December 12, 2025, at Neyveli. This agreement follows the Memorandum of Understanding (MoU) signed by the two organizations on September 8, 2025, and represents a significant step in the expansion of NLCIL’s renewable energy portfolio.

The signing ceremony was attended by key leaders from both companies, including Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, Dr. Manoj Kumar Jhawar, Chairman and Managing Director of PTC India Limited, along the functional directors of NLC India Limited. The event highlighted the strategic importance of the partnership, aimed at combining the strengths of the two organizations to accelerate India’s transition to green energy.

Under the agreement, the newly formed Joint Venture Company (JVC) will focus on the establishment, operation, and maintenance of a diverse range of renewable energy projects. These projects will cover traditional technologies such as solar, wind, and hydro power, as well as advanced solutions including battery energy storage systems, green ammonia, and other emerging green technologies. The JVC aims to develop a total green energy capacity of up to 2,000 MW in phased implementation, with the first phase targeting around 500 MW.

The collaboration seeks to leverage NLCIL’s expertise in project development and renewable energy park creation, alongside PTC India Limited’s proficiency in power trading. This synergy is expected to enable JVC to offer integrated and scalable green energy solutions. The power generated through these projects will be sold via both competitive and regulated routes under Sections 62 and 63 of the Electricity Act. The target customers include DISCOMs, government entities, and commercial and industrial consumers.

This joint venture is seen as a major milestone in India’s renewable energy sector, reflecting the growing emphasis on sustainable power generation. By combining NLCIL’s development capabilities with PTC India’s trading expertise, the JVC is positioned to contribute significantly to the nation’s green energy ambitions, supporting the country’s efforts to achieve a cleaner and more sustainable energy future.

The agreement not only strengthens the strategic partnership between NLCIL and PTC India Limited but also demonstrates the continued commitment of both organizations to drive large-scale renewable energy development across India.