NLC India Limited (NLCIL) has announced a Joint Venture Agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to establish a Lignite-based Thermal Power Station in Rajasthan and to develop the mines to meet the fuel requirement of the Thermal Power Station, subject to approval from Government of India and other Statutory approvals.
In the exchange filing, the company also shared, “In-principle approval to form a Joint Venture Company with RVUNL through NLC India Renewables Limited, Wholly Owned Subsidiary Company for developing renewable power projects of capacity upto 2,000 MW, subject to approval from Government of India and other Statutory approvals.”
