NLC India Limited — Board Meeting, 07-07-2025: Outcome of Board Meeting

NLC India has announced a board meeting on which it approved an investment of up to Rs. 1,630.89 Cr in its wholly owned subsidiary, NLC India Renewables Limited, to fund green energy projects through equity subscription at face value. The company plans to raise a USD 100 million term loan via External Commercial Borrowing from Sumitomo Mitsui Banking Corporation to support CAPEX for renewable initiatives in subsidiaries and group companies. Sundaram & Srinivasan, Chartered Accountants, have been appointed as the tax auditors for FY24-25, bringing over 80 years of expertise and a strong presence across sectors.