NLC India Forms Renewable Energy Joint Venture with APDCL

NLC India Renewables Limited (a wholly owned subsidiary of NLC India Limited) and Assam Power Distribution Company Limited (APDCL), on May 7, 2025,  officially incorporated a new joint venture company named NIRL Assam Renewables Limited. The registration was completed with the Ministry of Corporate Affairs.

As of 9:30 AM on May 8, 2025, NLC India share price was trading at ₹226.16, a 1.62% up. Over the past month, the stock has declined by 3.68%, and it is down 12.16% over the past six months.

Equity Structure and Capital Details

The joint venture has an equity split of 51:49, with NLC India Renewables Limited holding 51% and APDCL holding 49%. Shares in the company are being subscribed entirely in cash at a face value of ₹10 per share. NIRL holds the majority control in the newly formed entity.

Objectives and Operations

NIRL Assam Renewables Limited has been established to develop, operate, and maintain renewable energy projects in the state of Assam. The purpose of these projects is to meet the renewable power obligations applicable in the state.

Regulatory Approvals

Prior to incorporation, approval was obtained from the Ministry of Coal, Government of India. The approval was communicated on March 7, 2025, and included the concurrence of the Department of Investment and Public Asset Management (DIPAM) for the formation of the joint venture.

The joint venture operates in the renewable energy sector. It will focus specifically on green energy infrastructure within Assam.

Read more: NLC India’s NIRL Signed JV with Assam Power Distribution Company!

Other Details

• The joint venture is not classified as a related party transaction.
• The acquisition structure does not involve a share swap or merger; it is a fresh incorporation.
• There are no historical turnover details since this is a new entity.

Conclusion

NIRL Assam Renewables Limited has been set up as a joint venture between NLC India’s renewable arm and APDCL to implement clean energy projects in Assam. With the required approvals in place and a defined ownership structure, the company will begin work on renewable power initiatives in the region.

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