Mumbai: Government company NLC India Limited’s renewable energy unit NIRL may launch its IPO in the second quarter of financial year 2025-26. The goal is to raise Rs 4,000 crore to fund expansion.
Target of 10 GW Renewable Energy by 2030
Chairman and MD Prasanna Kumar Motupalli told PTI that NIRL currently has 1.4 GW of green energy capacity. The company plans to expand this to 10 GW by 2030.
SEBI Filing Likely in Early 2026
All necessary due diligence work is expected to be completed by March 2026. After that, the company will file documents with SEBI in Q1 of FY 2026-27.
Investment Plan of Rs 50,000 to Rs 60,000 Crore
NLC India plans to invest Rs 50,000 to Rs 60,000 crore in the coming years. Part of this will come from internal funds, and the rest will be raised via loans.
CCEA Approves Investment Freedom
On July 16, the Cabinet Committee on Economic Affairs (CCEA) gave NLC freedom to invest up to Rs 7,000 crore in NIRL without needing special government approval.
Currently Owns 2 GW Across 7 Renewable Projects
At present, NLC India owns 7 renewable energy projects with a total capacity of 2 GW—either operational or close to launch. Its total power capacity is 6 GW, out of which 4.6 GW is thermal.
Goal to Reach 32 GW Green Energy by 2047
By 2047, NLC India aims to build a 32 GW green energy capacity. This move is aligned with India’s mission to move towards a sustainable energy future.
