NLC India and Govt of Gujarat Partner to Develop Large-Scale Renewable Energy Projects

NLC India Limited has entered into a strategic understanding with the Government of Gujarat to expand its renewable energy footprint, reinforcing the state’s role as a key hub for clean energy development in India. 

Large-Scale Renewable Energy Investment Framework 

Under the memorandum of understanding signed at the Vibrant Gujarat Regional Conference for the Saurashtra and Kutch region, NLC India will explore the development of large-scale renewable energy projects across solar, wind, hybrid and battery energy storage segments.  

The proposed projects carry an aggregate investment potential of around ₹25,000 crore and are expected to generate significant employment opportunities across the state. 

Execution Through Dedicated Renewable Arm 

The proposed renewable projects will be executed through NLC India Renewables Limited, the company’s wholly owned subsidiary and dedicated green energy arm.  

The collaboration aligns with NLC India’s corporate plan to achieve 10 GW of renewable energy capacity by 2030, strengthening its transition towards sustainable and low-carbon power generation. 

State Support and Strategic Alignment 

As part of the agreement, the Government of Gujarat will facilitate statutory approvals, clearances and registrations required for time-bound execution of the projects, in line with prevailing state policies.  

The partnership further enhances Gujarat’s positioning as a leading renewable energy destination while contributing to India’s broader goals of energy security, decarbonisation and non-fossil fuel-based power expansion. 

Read More: NLC India Board Meet Outcome: Listing Approval for NIRL, Interim Dividend and More! 

NLC India Share Price Performance  

As of January 14, 2025, at 10:45 PM, NLC India share price is trading at ₹263.85 per share, reflecting a surge of 3.33% from the previous closing price.  

Conclusion 

The MoU marks a significant step in NLC India’s renewable growth strategy, combining large-scale investment, policy support and execution capability to accelerate India’s clean energy transition. 

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