NLC India Limited, a Navratna Government of India enterprise, has announced a new solar power project in Uttar Pradesh as part of its renewable energy expansion. The company disclosed the development to the stock exchanges on August 29, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The 110 MW solar power project will be developed through NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India. The project will be implemented through NLC India Renewables NCRTC Renewables Limited (NNRL), a joint venture formed between NIRL and the National Capital Region Transport Corporation Limited (NCRTC).
Under the joint venture structure, NIRL holds a 74% equity stake, while NCRTC owns the remaining 26%. A key milestone for the project was reached with the signing of a Power Purchase Agreement (PPA) between NNRL and NCRTC in New Delhi.
As per the agreement, NCRTC will procure the entire electricity generated by the solar project for 25 years. The power will be supplied under the captive mode, supporting NCRTC’s long-term clean energy requirements and helping reduce dependence on conventional sources of electricity.
The project is scheduled to be commissioned within 24 months from the date of signing of the PPA. Once operational, the 110 MW solar facility is expected to generate around 180 million units (MU) of electricity annually.
The development strengthens NLC India’s focus on expanding its renewable energy portfolio and supporting India’s transition toward cleaner power generation. It also highlights the growing role of captive renewable energy projects in meeting the electricity requirements of large public-sector organisations.
The Uttar Pradesh project is expected to contribute to the state’s renewable energy capacity while providing a long-term source of clean electricity for NCRTC. The agreement also marks another step in NLC India’s strategy to increase its presence in the renewable energy sector through dedicated subsidiaries and strategic partnerships.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
