SECTOR
NLC India inks pact with IOCL to develop renewable energy power projects in Tamil Nadu
Jun-24-2026

NLC India has inked a memorandum of understanding (MoU) with Indian Oil Corporation (IOCL) for formation of a Joint Venture (JV) for establishment of Renewable Energy Power Projects in the State of Tamil Nadu. The MoU is for the development of large scale Renewable Energy (RE) projects including solar, wind, hybrid power with or without energy storage such as battery storage and pumped storage projects or any combination of the same for supply of renewable power to third party, commercial and industrial (C&lI) consumers, discoms, energy exchange, for e-mobility, power to applications such as usage/ production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc. and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility. 

The company has been actively expanding into large-scale renewable and green energy initiatives including solar, wind, pumped hydro storage, battery energy storage systems (BESS), green hydrogen, low-carbon round-the-clock power and waste-to-energy projects.

NLC India is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. The company is engaged in the business of mining of Lignite, Coal and generation of power by using lignite as well as Renewable Energy Sources and consultancy.

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