NLC India Limited has announced securing a significant solar power project contract from National Capital Region Transport Corporation Limited (NCRTC). The company received a Letter of Acceptance for setting up 110MW (AC) Grid Connected Solar PV Power Projects in Uttar Pradesh under captive mode.

Project Details and Specifications

The solar power project encompasses comprehensive power generation and supply operations with specific technical and commercial parameters:

Contract Terms and Timeline

The project operates under a long-term power supply arrangement with clearly defined execution timelines:

• Contract duration: 25 years under a Power Purchase Agreement (PPA)
• Scheduled commencement of supply date (SCSD): Within 24 months from the effective date of the PPA

This timeline ensures rapid project development and commissioning to meet NCRTC's power requirements.

Strategic Significance

This domestic contract represents NLC India's continued expansion in the renewable energy sector, specifically in solar power generation. The captive mode operation indicates the project will directly serve NCRTC's power needs, providing energy security and cost optimization for the transport corporation.

Key points:

• Domestic operations contract
• No promoter or group company interests in the awarding entity
• Not a related party transaction, ensuring arms-length commercial terms

Regulatory Compliance

NLC India disclosed this development in compliance with:

• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular dated July 13, 2023

The company maintains transparency in significant business developments through timely regulatory filings to stock exchanges.

NLC India Renewables Limited has officially signed a Joint Venture Agreement with PTC India Limited on December 12, 2025, formalizing their strategic partnership to develop renewable energy projects with a capacity target of up to 2000 MW. The agreement was signed at Neyveli in the presence of senior leadership from both organizations, marking a significant milestone in India's green energy sector.

Joint Venture Agreement Details

The signing ceremony took place in the presence of Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLC India Limited, and Dr. Manoj Kumar Jhawar, Chairman and Managing Director of PTC India Limited, along with Functional Directors of NLC India Limited. This Joint Venture Agreement builds upon the Memorandum of Understanding signed between the companies on September 8, 2025.

Project Scope and Technology Focus

The Joint Venture Company will undertake the establishment, operation, and maintenance of comprehensive renewable energy projects. The collaboration encompasses multiple green technologies including solar, wind, hydro, battery energy storage systems, green ammonia, and other emerging green technologies.

Implementation Strategy and Market Approach

The collaboration envisages phased development with the first phase targeting around 500 MW capacity. The Joint Venture Company will enable both organizations 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 diverse customer mix including DISCOMs, government entities, and commercial industrial consumers.

Strategic Partnership Benefits

This partnership combines NLC India's expertise in power generation with PTC India Limited's capabilities as a leading provider of power trading solutions based in New Delhi. The collaboration positions both companies to capitalize on India's expanding renewable energy market while contributing to the country's green energy transformation goals.

NLC India Limited, operating as a Navratna Government of India Enterprise in the Power Generation & Distribution sector, continues to rapidly expand its renewable energy portfolio through this strategic alliance.