NLCIL incorporates subsidiary to implement renewable energy projects
1 year, 2 months ago

NLCIL incorporates subsidiary to implement renewable energy projects

The Hindu  

NLC India Ltd, a Navaratna Central Public Sector Enterprise under the Ministry of Coal, has now incorporated a wholly-owned subsidiary, called NLC India Green Energy Limited. According to Prasanna Kumar Motupalli, chairman-cum-managing director of NLCIL, “The newly incorporated company will take care of planning, participating in upcoming renewable energy tenders, as well as tendering, execution and commission of renewable energy projects. The subsidiary is expected to achieve 5 GW capacity by 2030 and contribute towards carbon emission reduction.” Currently, projects to the tune of 2 GW of renewable energy are under implementation, and these projects will be taken up by NIGEL. NILCIL has already incorporated another wholly-owned subsidiary, NLC India Renewables Limited, for asset monetisation.

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Enel India deal on the final stretch
1 week ago

Enel India deal on the final stretch

Live Mint  

Strategic and financial investors JSW Group, Stonepeak Infrastructure Partners and Waaree Energies have submitted binding bids for Enel Group’s renewable energy business in India. The deal is likely to value the Italy-based group’s portfolio of wind and solar power assets at equity of $350-400 million, said three people with knowledge of the development, who asked to remain anonymous. Pipeline of …

NTPC Green Energy Begins Trading With 3.24 Per Cent Premium On NSE
3 weeks, 6 days ago

NTPC Green Energy Begins Trading With 3.24 Per Cent Premium On NSE

ABP News  

NTPC Green Energy Listing: NTPC Green Energy shares made their stock market debut on Wednesday with a modest premium of over 3 per cent. The renewable energy arm of NTPC listed at Rs 111.50 per share on the National Stock Exchange, marking a 3.24 per cent premium over its initial public offering price of Rs 108 per share. Proceeds and …

NTPC plans ₹5 trillion capex for green energy push by 2030
1 month ago

NTPC plans ₹5 trillion capex for green energy push by 2030

Live Mint  

New Delhi: India’s biggest power generation utility is eyeing a jump in investments in the green energy space to ₹5 trillion by 2030, according to two people with knowledge of the development. The investments would be made under state-owned NTPC Ltd’s renewable energy arm, NTPC Green Energy Ltd, which is set to launch its ₹10,000 crore initial public offering on …

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm
2 months ago

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm

Live Mint  

NLC India is planning an IPO for its renewable energy arm, NLC India Renewables Ltd (NLCIRL), with a proposed size of ₹4,500 crore. The company will offload 51% of its shares to NLCIRL, with the remaining shares being distributed to shareholders. NLCIRL currently operates 1,380MW of solar power plants in the southern districts of Tamil Nadu and the Andaman & …

In Frames | Staying power
7 months ago

In Frames | Staying power

The Hindu  

Tamil Nadu is the largest producer of lignite in the country. NLC India Ltd., headquartered at Neyveli in Tamil Nadu, contributes a lion’s share of lignite production. The public sector undertaking lists, as among its performance highlights, the all-time high coal and lignite production of 36.32 tonnes in 2023-24 across the country. In Tamil Nadu, the NLCIL’s installed power generation …

Adani to invest ₹2.3 lakh crore in renewable energy, manufacturing capacity
8 months, 2 weeks ago

Adani to invest ₹2.3 lakh crore in renewable energy, manufacturing capacity

The Hindu  

Adani Group will invest about ₹2.3 lakh crore through 2030 in India's most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India's largest renewable energy company, will invest about ₹1.5 lakh crore in expanding capacity to generate electricity …

Adani Green Energy Ltd achieves milestone: Surpasses 10,000 MW renewable energy capacity
8 months, 3 weeks ago

Adani Green Energy Ltd achieves milestone: Surpasses 10,000 MW renewable energy capacity

India TV News  

Adani Green Energy Ltd has achieved a significant milestone in India’s renewable energy sector by surpassing 10,000 MW of renewable energy capacity. This diverse portfolio underscores the company’s commitment to leveraging various renewable energy sources for sustainable power generation. Environmental impact and visionary leadership AGEL’s operational portfolio, now exceeding 10,000 MW, is expected to power more than 5.8 million homes …

NLCIL signs power usage agreement with Rajasthan Urja Vikas Nigam for supply of 300 MW of solar power
1 year, 4 months ago

NLCIL signs power usage agreement with Rajasthan Urja Vikas Nigam for supply of 300 MW of solar power

The Hindu  

A Central Public Sector Enterprise NLC India Ltd, has entered into a long-term power usage agreement with Rajasthan Urja Vikas Nigam Ltd for a supply of 300 MW of solar power to Rajasthan under the Central Public Sector Undertaking scheme for 25 years. The solar capacity is part of a 510 MW solar power project secured by NLCIL in the …

NLCIL, CIL announce plans for new thermal power plants to meet energy demands
1 year, 4 months ago

NLCIL, CIL announce plans for new thermal power plants to meet energy demands

Live Mint  

New Delhi: Coal India Ltd. NLC India Ltd plan to set up multiple thermal power plants across the country to meet growing demand. According to a coal ministry statement, NLCIL, in partnership with the Uttar Pradesh government, will construct a 3 x 660 MW thermal power plant in Ghatampur near Kanpur. The ministry of coal has advised all subsidiaries of …

NLC India plans ₹24,000 crore solar investment by 2030: CMD
1 year, 5 months ago

NLC India plans ₹24,000 crore solar investment by 2030: CMD

Live Mint  

New Delhi: State-run NLC India Ltd plans to set up a step-down subsidiary to operate its new-age renewable energy businesses, including battery storage. In an interview, Prasanna Kumar Motupalli, chairman and managing director of the company, said that after the recent incorporation of its green energy arm, NLC India Renewables Ltd, the company is exploring the option of setting up …

NTPC Green Energy, UPRVUNL tie up to develop renewable energy parks in Uttar Pradesh
1 year, 6 months ago

NTPC Green Energy, UPRVUNL tie up to develop renewable energy parks in Uttar Pradesh

Live Mint  

New Delhi: NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has entered into a partnership with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable energy parks in Uttar Pradesh. ‘’NGEL and UPRVUNL shall jointly work for formation of Joint Venture Company to meet the renewable generation obligation, flexibility in generation and scheduling of thermal/hydro power stations through …

NGEL, HMEL join hands to explore opportunities in generation of GH
1 year, 7 months ago

NGEL, HMEL join hands to explore opportunities in generation of GH

Live Mint  

New Delhi: In a groundbreaking move towards revolutionizing India’s energy landscape and driving the nation’s ambitious green energy and green hydrogen objectives, NTPC Green Energy Limited and HPCL Mittal Energy Limited have forged a powerful partnership through the signing of a Memorandum of Understanding on Friday. “The MoU envisages to collaborate in the field of renewable energy through sourcing of …

Jakson Green secures 1 GW renewable energy orders in India, Africa, Middle East
1 year, 8 months ago

Jakson Green secures 1 GW renewable energy orders in India, Africa, Middle East

Live Mint  

New Delhi: Energy solutions company Jakson Green on Tuesday said it has secured over 1 GW of renewable EPC orders across India, Africa, and the Middle East regions. The EPC orders in India include one of the world’s leading renewable energy asset managers to build the country’s largest C&I solar park in Bikaner, Rajasthan, the company said. “In a short …

NLC to pick up 51% in green JV with APDCL for ₹ 1k cr
1 year, 9 months ago

NLC to pick up 51% in green JV with APDCL for ₹ 1k cr

Live Mint  

New Delhi: State-run NLC India Ltd plans to invest ₹1,000 crore for a 51% stake in a green energy joint venture it is setting up with Assam Power Development Co. Ltd, two people aware of the development said. NLC had inked an MoU with APDCL last year which included plans for green energy projects including hydropower projects," one of the …

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