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Stock Report
NLC India Renewables Ltd and PTC India to form Green Energy Joint Venture
Posted On : 2025-12-12 19:36:24( TIMEZONE : IST )
NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), signed a Joint Venture Agreement (JVA) today, 12.12.2025, with PTC India Limited (formerly Power Trading Corporation) at Neyveli.
The signing took place in the august presence of Shri Prasanna Kumar Motupalli, Chairman and Managing Director, NLC India Limited, Dr. Manoj Kumar Jhawar, Chairman and Managing Director, PTC India Limited and the Functional Directors of NLC India Limited. This is in continuation to the Memorandum of Understanding (MoU) signed between NIRL and PTC India Ltd., on 8th September 2025.
PTC India Ltd. Is a leading provider of power trading solutions in India based in New Delhi. The JVC between PTC India Limited and NLCIL, which is rapidly expanding its portfolio in Renewable Energy, will undertake the establishment, operation, and maintenance of renewable energy projects-including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies.
The collaboration envisages the development of green energy capacity upto 2000 MW, to be implemented in phases. The first phase will target around 500 MW. The new JVC will enable both organisations to pool their strengths in project development, power trading, renewable energy park creation, and integrated green energy solutions.
The JVC will undertake power sales through competitive and regulated routes under Section 62 or Section 63 of the Electricity Act, targeting a mix of DISCOMs, government entities, and commercial & industrial consumers.
Shares of NLC India Limited was last trading in BSE at Rs. 243.70 as compared to the previous close of Rs. 236.05. The total number of shares traded during the day was 20471 in over 647 trades.
The stock hit an intraday high of Rs. 244.90 and intraday low of 235.85. The net turnover during the day was Rs. 4930457.00.
Shares of PTC India Limited was last trading in BSE at Rs. 155.90 as compared to the previous close of Rs. 155.00. The total number of shares traded during the day was 27676 in over 524 trades.
The stock hit an intraday high of Rs. 156.45 and intraday low of 154.65. The net turnover during the day was Rs. 4309607.00.
