In Short : NLC India Limited (NLCIL) has established a wholly-owned subsidiary named NLC India Green Energy Limited (NIGEL) to focus on commissioning green energy projects. This move highlights NLCIL’s commitment to renewable energy initiatives and its efforts to contribute to a sustainable future. NIGEL is expected to play a significant role in the development and implementation of renewable energy projects, furthering the company’s objectives in the green energy sector.
In Detail : NLC India Ltd on Monday said it has incorporated a wholly owned arm NLC India Green Energy Ltd (NIGEL) for commissioning of green projects.
NIGEL will take care of planning, participating in upcoming renewable energy tenders, execution and commissioning of green energy projects, NLC India Ltd (NLCIL) said in a statement.
The arm is likely to achieve 5 GW capacity by 2030 and contribute for carbon emission reduction, NLCIL Chairman and Managing Director Prasanna Kumar Motupalli said.
The navratna public sector undertaking has already incorporated a wholly owned arm NLC India Renewables Ltd for asset monetisation.
At present, 2 GW of renewable energy projects are under implementation and will be taken up by NIGEL, including 600 MW solar power project in Gujarat and 810 MW solar photovoltaic power project in Rajasthan.
The company’s registered office is in Chennai and will start business operations in due course, as per the statement.
