NLC India Limited announced on Monday that its board has approved a series of strategic initiatives aimed at strengthening its green energy portfolio and financial position.
At its meeting held on July 7, 2025, the board granted in-principle approval to invest up to ₹1,630.89 crore in its wholly owned subsidiary NLC India Renewables Limited (NIRL). The investment will be made in one or more tranches by subscribing to equity shares at face value and will fund ongoing and upcoming green energy projects, subject to necessary regulatory approvals.
In addition to the equity infusion, the board approved borrowing a term loan equivalent to $100 million in Japanese Yen through an External Commercial Borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC). The funds will be used for capital expenditure on renewable projects undertaken by the company through its subsidiaries or group companies.
The company also announced the appointment of Sundaram & Srinivasan, Chartered Accountants, as the tax auditors for FY2024-25.
The meeting commenced at 5:00 PM and concluded at 6:30 PM, and the company has made the information available on its website.
These decisions underscore NLC India’s commitment to expanding its renewable energy footprint while maintaining prudent financial practices.
