NLC India Limited, a Navratna Government of India enterprise, has made a significant advancement in India’s green energy landscape. The company’s wholly owned subsidiary, NLC India Renewables Limited, has secured a pivotal Letter of Award from Tamil Nadu Green Energy Corporation Limited (TNGECL) for a pioneering battery storage project, establishing a strong presence in energy storage infrastructure.
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, NLC India Limited has disclosed that its subsidiary, NLC India Renewables Ltd, will undertake the development of three standalone Battery Energy Storage System (BESS) projects. With a total capacity of 250 MW/500 MWh, these systems are designed for 2 complete charging/discharging cycles for on-demand usage. This is the first major BESS venture by the NLCIL Group, marking a milestone in its clean energy journey.
The project will be implemented under the Build-Own-Operate (BOO) model with Viability Gap Funding (VGF) support from the state. The BESS units will be strategically located at three key substations in Tamil Nadu: Ottapidaram, Anuppankulam, and Kayathar. These locations span the 400/230/110 kV transmission levels. The project was secured through a competitive bidding process, reflecting NLC India’s strong execution capabilities and commitment to energy transition.
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As of 23 June 2025, 09:18 AM, NLC India share price are trading at ₹226.90 per share, a 1.91% increase. Over the month, the stock has surged by 1.05%.
With this large-scale battery storage project, NLC India is entering a new era of energy innovation. The initiative not only reinforces its leadership in the renewable sector but also strengthens India’s overall grid reliability and clean energy ambitions.
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Published on: Jun 23, 2025, 10:50 AM IST
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