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Exemption for NLCIL’s Investment in Renewable Energy

  • 17 Jul 2025

On 16th July 2025, the Union Cabinet chaired by Prime Minister approved a special exemption for NLC India Limited (NLCIL) to invest Rs. 7,000 crore in its renewable energy plans via its subsidiary, NLC India Renewables Limited (NIRL).

Key Points

  • Exemption Granted: NLCIL can invest Rs. 7,000 crore in NIRL without adhering to current CPSE investment guidelines or seeking prior approvals.
  • Flexibility Boost: The exemption lifts the 30% net worth ceiling on investments in joint ventures and subsidiaries, enhancing NLCIL’s operational freedom.
  • Strategic Objective: The move supports NLCIL’s goal of achieving 10.11 GW of renewable capacity by 2030 and scaling up to 32 GW by 2047.
  • Green Transition: The investment aligns with India’s COP26 commitments of 500 GW non-fossil fuel energy capacity by 2030 and net-zero by 2070.