NLC India Ltd, on Monday, said its board has approved raising up to Rs 5,000 crore through the issuance of debentures in the current financial year (FY2023-24).
NLC India’s board has also approved a proposal for the incorporation of a wholly-owned subsidiary company to take over the existing renewable assets.
In a regulatory filing, NLC India said, “The board of directors will consider and approve incorporation of a wholly owned subsidiary company to take over the existing renewable assets in the name of ‘NLC India Renewables Limited’ or any other name as may be made available/approved by Ministry of Corporate Affairs.”
