NLC India Teams Up with PTC for 2GW Green Energy Surge

NLC India Ltd, through its arm NLC India Renewables, forged a strategic joint venture with PTC India Ltd to unlock 2,000 MW in green energy projects. The pact positions both PSUs at the forefront of India's energy transition, blending NLC's project execution prowess with PTC's trading expertise.

Partnership Essentials

Focuses on developing solar, wind, pumped storage, and hybrid renewable projects across optimal sites in India.

Aims for 2GW capacity addition over the medium term, supporting RE100 commitments and PLI incentives.

Leverages PTC's nationwide grid connectivity for seamless power evacuation and market access.

This JV bolsters NLC's green portfolio beyond 5GW, driving revenue diversification and ESG leadership in the power sector.

Sources: BSE India, Moneycontrol