NLC India, Gujarat Govt Ink ₹25,000-Cr Green Energy Deal for Renewable Projects

• NLC India Limited (NLCIL) signed an MoU with the Gujarat government for large-scale renewable energy projects.
• The non-binding MoU, signed during the Vibrant Gujarat Regional Conference, involves an investment potential of ₹25,000 crore.
• Projects include solar, wind, hybrid, and battery energy storage, to be implemented by NLCIL's subsidiary NIRL.
• The Gujarat government will facilitate approvals and support for time-bound project implementation.
• NLCIL's board approved listing of NIRL through a public offer, diluting up to 25% equity stake.

Why It Matters: NLC India and Gujarat partner for ₹25,000 crore renewable energy projects, boosting green initiatives and employment.