Archive · 12 Dec 2025
NLC India and PTC India Form JV for Green Energy
NLC India Renewables Ltd and PTC India Ltd have teamed up to create a new company that will focus on building and managing clean energy projects.
These projects will include solar, wind, hydro, and even some new technologies like green ammonia.
They plan to start with about 500 MW of capacity and eventually build up to 2,000 MW.
NLC India is also planning to list its green energy subsidiary on the stock market in the fiscal year 2027.
The company is very optimistic about its clean energy goals and has more than 8GW of projects already in the works.
On the day the agreement was signed, NLC India's stock went up by 3.21%.
NLC India Renewables Ltd and PTC India Ltd signed a joint venture agreement on December 12, 2025, in Neyveli.
The JV aims to develop, operate, and maintain renewable energy projects including solar, wind, hydro, and green ammonia.
The first phase will focus on building 500 MW of capacity, with a total target of 2,000 MW.
NLC India plans to list its renewables arm in FY27 and has over 8GW of renewable projects in the pipeline.
NLC India's stock price increased by 3.21% to ₹243.90 on the day of the agreement.
- Who
- NLC India Renewables Ltd and PTC India Ltd
- What
- Formed a joint venture for green energy projects
- When
- December 12, 2025
- Where
- Neyveli
- Why
- To develop, operate, and maintain renewable energy projects
- Companies Involved
- NLC India Renewables Ltd and PTC India Ltd
- JV Purpose
- Develop, operate, and maintain renewable energy projects
- Project Capacity
- Up to 2,000 MW of green energy capacity
- First Phase Capacity
- 500 MW
- Technologies Involved
- Solar, wind, hydro, battery energy storage, green ammonia, and other clean technologies
- JV Agreement Date
- December 12, 2025
- Location of Agreement
- Neyveli
- NLC India's Renewable Target
- Exceed 10GW by 2030
- NLC India's Current Renewable Pipeline
- More than 8GW
- NLC India's Stock Performance
- Up 3.21% to ₹243.90 on December 12, 2025
