NLC India Limited — Updates, 01-03-2025: Press Release

NLC India Limited has secured a Letter of Award for a 200 MW Wind Power Project from SJVN Limited at a tariff of ₹3.74 per kWh, following a successful reverse auction. This project, which is expected to generate 526 million units of clean power annually, enhances NLCIL's wind energy capacity to over 300 MW. The initiative aligns with NLCIL's vision of achieving 10 GW of renewable energy capacity by 2030 and supports India's goal of increasing non-fossil fuel-based power generation. The management emphasized their commitment to expanding their renewable energy portfolio, reinforcing NLCIL's role in India's green energy transition. As the company progresses in renewable energy investments, it is well-positioned to contribute to sustainable energy solutions, which bodes positively for their operational outlook and potential growth in the sector.