NLC India Renewables, PTC India Join Hands to Form "NIRL PTC Renewables Limited" UPDATED

Chennai: NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), a Navratna, Schedule 'A' Central Public Sector Enterprise, has incorporated a joint venture Company with PTC India Limited under the name of "NIRL PTC RENEWABLES LIMITED".

NIRL PTC Renewables Limited will focus on setting up green energy projects and exploring new opportunities in renewable energy.

NIRL holds 74% equity, while PTC India Limited holds 26% equity in the Company.

NLC India Renewables Limited (NIRL) is a wholly owned Subsidiary of NLC India Limited (NLCIL). NIRL was incorporated on 14th June 2023. Its current portfolio comprises an aggregate installed capacity of 1,785 MW across Solar, Wind, Battery Energy Storage Systems (BESS), and Rooftop Solar, with operational assets in Tamil Nadu, Rajasthan, and Andaman & Nicobar. NIRL's nationwide footprint spans Tamil Nadu, Rajasthan, Andaman & Nicobar, Gujarat, Assam, Maharashtra, Odisha, Uttar Pradesh, and Karnataka.