NLC India Ltd (NLCIL), a Navratna Public Sector Enterprise under the Ministry of Coal, recently announced its expectation to float the IPO of its renewable energy arm by the end of FY25 or the beginning of FY26. This development was shared during an interview with CNBC, indicating NLCIL’s plans to expand its renewable energy capacity significantly in the coming years.
Expansion in Renewable Energy
NLC India is planning to quadruple its renewable energy capacity, currently at 1.4 GW, targeting 10 GW by 2030. This ambitious expansion is part of the company’s strategic push towards sustainable and green energy. The company had marked its entry into renewable energy with a 10 MW solar photovoltaic power plant commissioned in Neyveli in 2015. Since then, NLCIL has steadily grown its renewable portfolio, with major projects planned in Tamil Nadu, Rajasthan, Gujarat, and Assam.
NLC India’s Renewable Journey
The company has positioned itself as a pioneer among Central Public Sector Enterprises (CPSEs) by becoming the first to achieve 1 GW of renewable energy generation. NLCIL currently operates 1,380 MW of solar power plants and 51 MW of wind power plants. The company has successfully generated 1,234 crore units of green energy, effectively offsetting around 1 crore tonnes of carbon dioxide emissions.
Target for 2030 and Sustainable Ventures
NLCIL’s corporate strategy envisions achieving 10,000 MW of renewable energy capacity by 2030. Besides solar and wind energy, the company is also exploring other areas of sustainability, including:
- Energy Storage Systems (ESS)
- Green hydrogen production
- Pumped storage hydro projects
- Lignite to methanol conversion
- Mine overburden to sand
- Exploration of critical minerals for sustainability
About NLC India
NLC India Limited has been a key player in India’s energy sector for over six decades and is a major contributor to the country’s thermal and renewable energy needs. It primarily operates in two segments: lignite mining and power generation. The company was initially incorporated as Neyveli Lignite Corporation Limited in 1956 and became a public limited company in 1986.
As of January 2024, NLC India’s market capitalization stood at over ₹32,000 crore. The stock has seen impressive growth, with the share price surging over 330% in the last three years.
