NLC India Share Price in Focus; Subsidiary Receives LoI for 900 MW Solar Project

NLC India Limited has secured another renewable energy project through its wholly owned subsidiary, NLC India Renewables Limited (NIRL), which has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL). 

900 MW Solar Project Awarded 

The proposed project will be developed by NLC India Renewables Limited, the renewable energy arm of NLC India. 

According to the company, the 900 MW solar power project was awarded by GUVNL through a tariff-based competitive bidding process, under which GUVNL will purchase the power generated from the plant.  

Competitive Bidding Process 

The project was secured after participating in a tariff-based competitive bidding process conducted by GUVNL. 

With the issuance of the Letter of Intent, NIRL has been selected to establish the solar project, while GUVNL will serve as the power procurer once the project becomes operational.  

About NLC India 

NLC India Limited is a Navratna public sector enterprise engaged in lignite mining and power generation.  

The company has diversified into renewable energy through NLC India Renewables Limited, focusing on expanding its solar and other clean energy portfolio alongside its conventional power business. 

Read More: L&T Share Price in Focus; Secures LNTP for Mega Order of 1,600 MW Thermal Power Plant! 

NLC India Share Price Performance  

As of 30 July 2026, NLC India Ltd share price closed at ₹291.90 per share, reflecting a decline of 1.68% from the previous trading session. 

Conclusion 

The Letter of Intent from GUVNL marks the award of a 900 MW solar power project to NLC India Renewables Limited. The project was secured through a competitive bidding process, with GUVNL set to procure the electricity generated from the upcoming solar facility.  

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