NLC India forms arm to undertake renewable energy projects
State-owned NLC India Ltd on Friday announced the incorporation of its subsidiary, NLC India Renewables Ltd (NIRL), to oversee its existing renewable energy projects. NIRL, a wholly-owned subsidiary, was officially formed on June 14, 2023, according to a statement by NLC India.
The primary purpose of NIRL is to acquire and manage the renewable energy projects and assets currently owned by its parent company. In addition to promoting renewable energy initiatives in India and internationally, the subsidiary will focus on developing power generation systems utilizing non-conventional and renewable energy sources. These sources may include wind, hydro, solar, tidal, geothermal, biomass, steam, wave, waste, hybrid, or any other viable form.
